How to Lend VeChain (VET)

Introduction

Lending VeChain can be an excellent choice for those looking to hold VET 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 VeChain (VET) Tokens

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

   Piattaforma	Criptovaluta	Value
   Nexo	VeChain (VET)	0,01 APY
   PrimeXBT	VeChain (VET)	0,01 APY
   YouHodler	VeChain (VET)	0,01 APY
   Binance	VeChain (VET)	0,01 APY
   Coinbase	VeChain (VET)	0,01 APY
   Uphold	VeChain (VET)	0,02 APY

   Check out all 46 prices

2. 2. Select a VeChain Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   YouHodler	VeChain (VET)	Up to 30% APY
   Kucoin	VeChain (VET)	Up to 0,5% APY

   Discover all 4 lending APY rates

3. 3. Lend Your VeChain in Italy

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