Where and How to Earn Lisk (LSK)

Introduction

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

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

   Platform	Coin	Price
   Binance	Lisk (LSK)	0.2
   Kraken	Lisk (LSK)	0.2
   OKX	Lisk (LSK)	0.58
   BingX	Lisk (LSK)	0.2
   Bitget	Lisk (LSK)	0.2
   Bitpanda	Lisk (LSK)	1.22

   See all 29 prices

2. 2. Choose a Lisk Lender

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

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

3. 3. Earn Lisk

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