Where and How to Lend Kusama (KSM)

Introduction

Lending Kusama can be a great option for those who wish to hold KSM but earn interest. The steps can be a bit intimidating, especially the first time you attempt them. That's why we have compiled this guide for you.

Step-by-Step Guide

1. 1. Acquire Kusama (KSM) Tokens

   To lend Kusama, you need to have it. To obtain Kusama, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Kusama (KSM)	21.69
   Bitpanda	Kusama (KSM)	21.62
   Uphold	Kusama (KSM)	21.6
   Kraken	Kusama (KSM)	21.59
   OKX	Kusama (KSM)	21.62
   Binance	Kusama (KSM)	21.55

   See all 22 prices

2. 2. Select a Kusama Lender

   Once you have KSM, you’ll need to choose a Kusama lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Nexo	Kusama (KSM)	Up to 12 APY
   Bitget	Kusama (KSM)	Up to 6 APY
   Kucoin	Kusama (KSM)	Up to 0.5 APY
   OKX	Kusama (KSM)	Up to 1 APY

   See all 4 lending rates

3. 3. Lend Your Kusama

   After you have selected a platform for lending your Kusama, transfer your Kusama into your wallet on the lending platform. Once it is deposited, it will begin earning interest. Some platforms pay interest on a daily basis, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you have to do is relax while your crypto earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure that you do your research before depositing your crypto. Don’t lend more than you’re prepared to lose. Verify their lending practices, reviews, and how they secure your cryptocurrency.