Introduction
Lending Ethereum can be an excellent choice for those looking to hold ETH while earning yield. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide to help you navigate through it smoothly.
Step-by-Step Guide
1. Acquire Ethereum (ETH) Tokens
To lend Ethereum, you must first acquire it. To obtain Ethereum, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.
See all 82 pricesPlatform Coin Price Nexo Ethereum (ETH) 3,121.66 PrimeXBT Ethereum (ETH) 3,118.81 EarnPark Ethereum (ETH) 3,108.75 YouHodler Ethereum (ETH) 3,116.31 Binance Ethereum (ETH) 3,120.77 BTSE Ethereum (ETH) 3,118.73 2. Choose a Ethereum Lender
Once you have ETH, you'll need to select a Ethereum lending platform to lend your tokens. You can explore some options here.
See all 30 lending ratesPlatform Coin Interest rate Nexo Ethereum (ETH) Up to 8% APY Nebeus Ethereum (ETH) Up to 4.5% APY EarnPark Ethereum (ETH) Up to 5% APY YouHodler Ethereum (ETH) Up to 12% APY Aave Ethereum (ETH) Up to 0.42% APY AQRU Ethereum (ETH) Up to 3% APY 3. Earn Ethereum
Once you've selected a platform to earn your Ethereum, transfer your Ethereum into your wallet on the earning platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is relax while your cryptocurrency earns interest. The more you deposit, the higher your potential earnings. Ensure that your earning platform offers compounding APY to maximize your returns.
What to be Aware of
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they have in place to secure your cryptocurrency.
Latest Movements
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- Market cap
- US$391.24B
- 24h volume
- US$29.14B
- Circulating supply
- 120.48M ETH



