Where and How to Lend Kyber Network Crystal (KNC)

Introduction

Lending Kyber Network Crystal can be a great option for those who wish to hold KNC 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 Kyber Network Crystal (KNC) Tokens

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

   Platform	Coin	Price
   Nexo	Kyber Network Crystal (KNC)	0.44
   Kraken	Kyber Network Crystal (KNC)	0.44
   OKX	Kyber Network Crystal (KNC)	0.39
   Binance	Kyber Network Crystal (KNC)	0.44
   BTSE	Kyber Network Crystal (KNC)	0.44
   Coinbase	Kyber Network Crystal (KNC)	0.44

   See all 49 prices

2. 2. Select a Kyber Network Crystal Lender

   Once you have KNC, you’ll need to choose a Kyber Network Crystal lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Aave	Kyber Network Crystal (KNC)	Up to 0.42% APY
   Gemini	Kyber Network Crystal (KNC)	Up to 0.01% APY

   See all 4 lending rates

3. 3. Lend Your Kyber Network Crystal

   After you have selected a platform for lending your Kyber Network Crystal, transfer your Kyber Network Crystal 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.