How to Lend Ethereum Classic (ETC)

Introduction

Lending Ethereum Classic can be an excellent choice for those looking to hold ETC 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 Ethereum Classic (ETC) Tokens

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

   Piattaforma	Criptovaluta	Value
   Nexo	Ethereum Classic (ETC)	11,71 APY
   PrimeXBT	Ethereum Classic (ETC)	11,7 APY
   Binance	Ethereum Classic (ETC)	11,7 APY
   Coinbase	Ethereum Classic (ETC)	11,69 APY
   Kraken	Ethereum Classic (ETC)	11,71 APY
   OKX	Ethereum Classic (ETC)	20,9 APY

   Check out all 54 prices

2. 2. Select a Ethereum Classic Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   Blockchain.com	Ethereum Classic (ETC)	Up to 1% APY
   Kucoin	Ethereum Classic (ETC)	Up to 0,19% APY

   Discover all 4 lending APY rates

3. 3. Lend Your Ethereum Classic in Italy

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