How to Lend Compound (COMP)

Introduction

Lending Compound can be an excellent choice for those looking to hold COMP 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 Compound (COMP) Tokens

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

   Piattaforma	Criptovaluta	Value
   Nexo	Compound (COMP)	24,74 APY
   PrimeXBT	Compound (COMP)	24,55 APY
   YouHodler	Compound (COMP)	24,62 APY
   Binance	Compound (COMP)	24,62 APY
   BTSE	Compound (COMP)	24,66 APY
   Coinbase	Compound (COMP)	24,62 APY

   Check out all 76 prices

2. 2. Select a Compound Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   YouHodler	Compound (COMP)	Up to 12% APY
   Blockchain.com	Compound (COMP)	Up to 1% APY
   CEX.io	Compound (COMP)	Up to 1,5% APY

   Discover all 10 lending APY rates

3. 3. Lend Your Compound in Italy

   Once you've selected a platform to lend your Compound, transfer your Compound 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