Where and How to Lend Ren (REN)

Introduction

Lending Ren can be a great option for those who wish to hold REN 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 Ren (REN) Tokens

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

   Platform	Coin	Price
   Bitpanda	Ren (REN)	0.04
   Uphold	Ren (REN)	0.04
   Kraken	Ren (REN)	0.04
   Binance	Ren (REN)	0.04
   Coinbase	Ren (REN)	0.04

   See all 18 prices

2. 2. Select a Ren Lender

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

   Platform	Coin	Interest rate
   Kucoin	Ren (REN)	Up to 0.50 APY
   OKX	Ren (REN)	Up to 1.00 APY
   Gemini	Ren (REN)	Up to 0.01 APY

3. 3. Lend Your Ren

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