How to Earn Ethereum Classic (ETC): A Comprehensive Guide

Introduction

Lending Ethereum Classic can be an excellent choice for those looking to hold ETC 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 Classic (ETC) Tokens

To lend Ethereum Classic, you must first acquire it. To obtain Ethereum Classic, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.

Platform	Coin	Price
Nexo	Ethereum Classic (ETC)	12.38
PrimeXBT	Ethereum Classic (ETC)	12.38
Binance	Ethereum Classic (ETC)	12.39
Coinbase	Ethereum Classic (ETC)	12.39
Kraken	Ethereum Classic (ETC)	12.39
OKX	Ethereum Classic (ETC)	20.9

See all 54 prices

2. Choose a Ethereum Classic Lender
Once you have ETC, you'll need to select a Ethereum Classic lending platform to lend your tokens. You can explore some options here.
Platform Coin Interest rate
Blockchain.com Ethereum Classic (ETC) Up to 1% APY
Kucoin Ethereum Classic (ETC) Up to 0.19% APY
See all 4 lending rates
3. Earn Ethereum Classic
Once you've selected a platform to earn your Ethereum Classic, transfer your Ethereum Classic 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.

Platform	Coin	Interest rate
Blockchain.com	Ethereum Classic (ETC)	Up to 1% APY
Kucoin	Ethereum Classic (ETC)	Up to 0.19% APY

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

Ethereum Classic (ETC) is currently priced at US$1 with a 24-hour trading volume of US$154.64M. The market cap of Ethereum Classic stands at US$3.78B, with 150.29M ETC in circulation. For those looking to buy or trade Ethereum Classic, Blockchain.com offers avenues to do so securely and efficiently}

Market cap: US$3.78B
24h volume: US$154.64M
Circulating supply: 150.29M ETC

See latest information

Frequently Asked Questions About Lending Ethereum Classic (ETC)

What are the current lending rates for Ethereum Classic (ETC)?: The current lending rates for Ethereum Classic vary, with an average rate of 5.025%. Notably, the best lending rate available is on Blockchain.com. It is essential to stay informed about these rates, as they can fluctuate and impact your lending decisions. For real-time updates and comparisons, consider utilizing Bitcompare's features to effectively monitor the latest lending rates for Ethereum Classic.