How to Lend SKALE (SKL)

Introduction

Lending SKALE can be an excellent choice for those looking to hold SKL 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 SKALE (SKL) Tokens

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

   Piattaforma	Criptovaluta	Value
   Uphold	SKALE (SKL)	0,02 APY
   OKX	SKALE (SKL)	0,03 APY
   Binance	SKALE (SKL)	0,03 APY
   BTSE	SKALE (SKL)	0,03 APY
   Coinbase	SKALE (SKL)	0,03 APY
   Azbit	SKALE (SKL)	0,03 APY

   Check out all 49 prices

2. 2. Select a SKALE Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   Bitget	SKALE (SKL)	Up to 1% APY
   Gemini	SKALE (SKL)	Up to 0,01% APY
   Kucoin	SKALE (SKL)	Up to 0,5% APY

   Discover all 5 lending APY rates

3. 3. Lend Your SKALE in Italy

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