How to Lend Polkadot (DOT): A Comprehensive Guide for Italian Investors

Introduction

Lending Polkadot can be an excellent choice for those looking to hold DOT 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. Acquire Polkadot (DOT) Tokens
To lend Polkadot, you must first possess it. To acquire Polkadot, you'll need to buy it. You can select from these well-known exchanges available in Italy.
Piattaforma Criptovaluta Value
Nexo Polkadot (DOT) 1,75 APY
PrimeXBT Polkadot (DOT) 1,75 APY
EarnPark Polkadot (DOT) 1,75 APY
YouHodler Polkadot (DOT) 1,75 APY
Binance Polkadot (DOT) 1,75 APY
BTSE Polkadot (DOT) 1,75 APY
Check out all 67 prices

Piattaforma	Criptovaluta	Value
Nexo	Polkadot (DOT)	1,75 APY
PrimeXBT	Polkadot (DOT)	1,75 APY
EarnPark	Polkadot (DOT)	1,75 APY
YouHodler	Polkadot (DOT)	1,75 APY
Binance	Polkadot (DOT)	1,75 APY
BTSE	Polkadot (DOT)	1,75 APY

2. Select a Polkadot Lender in Italy

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

Piattaforma	Criptovaluta	APY
Nexo	Polkadot (DOT)	Up to 15% APY
EarnPark	Polkadot (DOT)	Up to 5,5% APY
YouHodler	Polkadot (DOT)	Up to 16% APY
Bitget	Polkadot (DOT)	Up to 8,6% APY
Blockchain.com	Polkadot (DOT)	Up to 5% APY

Discover all 16 lending APY rates

3. Lend Your Polkadot in Italy
Once you've selected a platform to lend your Polkadot, transfer your Polkadot 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. 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.