Where and How to Earn IOTA (IOTA)

Introduction

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

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

   Platform	Coin	Price
   PrimeXBT	IOTA (IOTA)	0.1
   Binance	IOTA (IOTA)	0.1
   OKX	IOTA (IOTA)	0.1
   Uphold	IOTA (IOTA)	0.19
   BingX	IOTA (IOTA)	0.1
   Bitfinex	IOTA (IOTA)	0.1

   See all 31 prices

2. 2. Choose a IOTA Lender

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

   Platform	Coin	Interest rate
   Kucoin	IOTA (IOTA)	Up to 0.5% APY

3. 3. Earn IOTA

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