How to Lend Cardano (ADA)

Introduction

Lending Cardano can be an excellent choice for those looking to hold ADA while generating a return. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to help you navigate through it.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Cardano (ADA) Tokens

   To lend Cardano, you must first possess it. To acquire Cardano, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Nexo	Cardano (ADA)	0,39 APY
   PrimeXBT	Cardano (ADA)	0,39 APY
   YouHodler	Cardano (ADA)	0,39 APY
   Binance	Cardano (ADA)	0,39 APY
   BTSE	Cardano (ADA)	0,39 APY
   Coinbase	Cardano (ADA)	0,39 APY

   Check out all 73 prices

2. 2. Select a Cardano Lender in Italy

   Once you have ADA, you'll need to select a Cardano lending platform to lend your tokens. You can explore some options here.

   Piattaforma	Criptovaluta	APY
   Nexo	Cardano (ADA)	Up to 8% APY
   YouHodler	Cardano (ADA)	Up to 12% APY
   Bitget	Cardano (ADA)	Up to 1,8% APY
   Blockchain.com	Cardano (ADA)	Up to 1% APY

   Discover all 12 lending APY rates

3. 3. Lend Your Cardano in Italy

   Once you've selected a platform to lend your Cardano, transfer your Cardano into your wallet on the lending platform. After the deposit is made, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximize your earnings.

What to Consider in Italy

Lending your cryptocurrency can involve significant risks