missing en-ng translation: how-to.verb.earn.hero.heading

Introduction

Lending Internet Computer can be an excellent choice for those looking to hold ICP 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. 1. Acquire Internet Computer (ICP) Tokens

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

   Platform	Coin	Price
   PrimeXBT	Internet Computer (ICP)	3.16
   YouHodler	Internet Computer (ICP)	3.16
   Binance	Internet Computer (ICP)	3.17
   Coinbase	Internet Computer (ICP)	3.16
   Kraken	Internet Computer (ICP)	3.16
   OKX	Internet Computer (ICP)	5.15

   See all 54 prices

2. 2. Choose a Internet Computer Lender

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

   Platform	Coin	Interest rate
   Kucoin	Internet Computer (ICP)	Up to 0.5% APY

3. 3. Earn Internet Computer

   Once you've selected a platform to earn your Internet Computer, transfer your Internet Computer 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. 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.