Where and How to Lend VeChain (VET)

Introduction

Lending VeChain can be a great option for those who wish to hold VET 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 VeChain (VET) Tokens

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

   Platform	Coin	Price
   Nexo	VeChain (VET)	0.03
   Bitpanda	VeChain (VET)	0.03
   Uphold	VeChain (VET)	0.03
   PrimeXBT	VeChain (VET)	0.03
   YouHodler	VeChain (VET)	0.03
   Binance	VeChain (VET)	0.03

   See all 20 prices

2. 2. Select a VeChain Lender

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

   Platform	Coin	Interest rate
   YouHodler	VeChain (VET)	Up to 30.00 APY
   Kucoin	VeChain (VET)	Up to 0.50 APY

3. 3. Lend Your VeChain

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