Where and How to Lend Litecoin (LTC)

Introduction

Lending Litecoin can be a great option for those who wish to hold LTC 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 Litecoin (LTC) Tokens

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

   Platform	Coin	Price
   Nexo	Litecoin (LTC)	75.03
   Bitpanda	Litecoin (LTC)	88.69
   Uphold	Litecoin (LTC)	83.13
   PrimeXBT	Litecoin (LTC)	88.63
   Kraken	Litecoin (LTC)	78.86
   OKX	Litecoin (LTC)	88.57

   See all 25 prices

2. 2. Select a Litecoin Lender

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

   Platform	Coin	Interest rate
   Nexo	Litecoin (LTC)	Up to 8.00 APY
   YouHodler	Litecoin (LTC)	Up to 16.00 APY
   Nebeus	Litecoin (LTC)	Up to 4.50 APY
   EMCD Coinhold	Litecoin (LTC)	Up to 8.00 APY

   See all 11 lending rates

3. 3. Lend Your Litecoin

   After you have selected a platform for lending your Litecoin, transfer your Litecoin 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.