How to Lend Wrapped Bitcoin (WBTC)

Introduction

Lending Wrapped Bitcoin can be an excellent choice for those looking to hold WBTC 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 Wrapped Bitcoin (WBTC) Tokens

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

   Piattaforma	Criptovaluta	Value
   Binance	Wrapped Bitcoin (WBTC)	90.724,18 APY
   Kraken	Wrapped Bitcoin (WBTC)	91.168,4 APY
   OKX	Wrapped Bitcoin (WBTC)	114.676,9 APY
   BingX	Wrapped Bitcoin (WBTC)	90.787,22 APY
   Bitget	Wrapped Bitcoin (WBTC)	90.981,4 APY
   Bitmart	Wrapped Bitcoin (WBTC)	90.754,21 APY

   Check out all 20 prices

2. 2. Select a Wrapped Bitcoin Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   Aave	Wrapped Bitcoin (WBTC)	Up to 0,01% APY
   Bitget	Wrapped Bitcoin (WBTC)	Up to 1,3% APY
   Compound	Wrapped Bitcoin (WBTC)	Up to 0,32% APY
   Klink	Wrapped Bitcoin (WBTC)	Up to 4% APY

   Discover all 15 lending APY rates

3. 3. Lend Your Wrapped Bitcoin in Italy

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