Where and How to Lend Wrapped Bitcoin (WBTC)

Introduction

Lending Wrapped Bitcoin can be a great option for those who wish to hold WBTC 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 Wrapped Bitcoin (WBTC) Tokens

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

   Platform	Coin	Price
   Kraken	Wrapped Bitcoin (WBTC)	83,439.8
   OKX	Wrapped Bitcoin (WBTC)	80,698.1
   Binance	Wrapped Bitcoin (WBTC)	83,657.78
   Bitget	Wrapped Bitcoin (WBTC)	83,688.9
   MEXC Global	Wrapped Bitcoin (WBTC)	83,615.04
   Bitmart	Wrapped Bitcoin (WBTC)	83,623.92

   See all 20 prices

2. 2. Select a Wrapped Bitcoin Lender

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

   Platform	Coin	Interest rate
   Bitget	Wrapped Bitcoin (WBTC)	Up to 1.3 APY
   Klink	Wrapped Bitcoin (WBTC)	Up to 4 APY

3. 3. Lend Your Wrapped Bitcoin

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