How to Lend Chainlink (LINK): A Step-by-Step Guide

Introduction

Lending Chainlink can be a great option for those who want to hold LINK but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Chainlink (LINK) Tokens
In order to lend Chainlink, you need to have it. To obtain Chainlink, you’ll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Chainlink (LINK) 14.52
PrimeXBT Chainlink (LINK) 14.46
Uphold Chainlink (LINK) 14.48
Kraken Chainlink (LINK) 14.45
OKX Chainlink (LINK) 14.42
YouHodler Chainlink (LINK) 14.48
See all 73 prices
2. Choose a Chainlink Lender
Once you have LINK, you’ll need to choose a Chainlink lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Nexo Chainlink (LINK) Up to 7 APY
YouHodler Chainlink (LINK) Up to 12 APY
Aave Chainlink (LINK) Up to 0.03 APY
See all 13 lending rates
3. Lend Your Chainlink
Once you’ve chosen a platform to lending your Chainlink, transfer your Chainlink into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

Platform	Coin	Price
Nexo	Chainlink (LINK)	14.52
PrimeXBT	Chainlink (LINK)	14.46
Uphold	Chainlink (LINK)	14.48
Kraken	Chainlink (LINK)	14.45
OKX	Chainlink (LINK)	14.42
YouHodler	Chainlink (LINK)	14.48

Platform	Coin	Interest rate
Nexo	Chainlink (LINK)	Up to 7 APY
YouHodler	Chainlink (LINK)	Up to 12 APY
Aave	Chainlink (LINK)	Up to 0.03 APY

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.

Latest Movements

Chainlink (LINK) is currently priced at $0.03 with a 24-hour trading volume of $867.93M. The market cap of Chainlink stands at $12.56B, with 631.1M LINK in circulation. For those looking to buy or trade Chainlink, Nexo offers avenues to do so securely and efficiently}

Market cap: $12.56B
24h volume: $867.93M
Circulating supply: 631.1M LINK

See latest information

Frequently Asked Questions About Lending Chainlink (LINK)

What factors influence Chainlink (LINK) lending rates?: Chainlink lending rates are influenced by market demand, supply of LINK tokens, platform-specific interest offerings, and overall crypto market trends. Stay informed using Bitcompare's tools for real-time comparisons and news.
How can I find the best Chainlink lending rates?: You can find the best Chainlink lending rates by using Bitcompare's platform to compare rates, prices, and sentiment analysis across reputable exchanges. Bookmark the page for regular updates.
Why do Chainlink lending rates fluctuate?: Rates fluctuate due to changes in demand and supply, market sentiment, and platform adjustments. Regularly consult Bitcompare for real-time updates and email alerts to understand shifts.
Where can I compare Chainlink (LINK) lending rates?: Bitcompare offers tools to compare real-time Chainlink lending rates across various exchanges. Stay updated by checking news events and receiving email alerts for any market changes.
Are there tools to alert me on Chainlink lending rate changes?: Yes, Bitcompare provides email alert services that notify you of any changes in Chainlink lending rates along with market sentiment shifts to help stay informed.
How often do Chainlink lending rates change?: Lending rates can change frequently with market dynamics. Bitcompare helps you track these changes real-time. It is advisable to check regularly to stay current.
What is the importance of staying updated on Chainlink lending rates?: Staying updated helps in making informed decisions and adapting to the rapidly changing crypto market. Use tools like Bitcompare's real-time comparisons and alerts to keep informed.
Can I get historical data for Chainlink lending rates?: While real-time data is crucial, some platforms offer access to historical data for analysis. Bitcompare can guide you on the newest trends and rate changes to anticipate shifts.