Where and How to Earn VeChain (VET)

Introduction

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

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

   Platform	Coin	Price
   Nexo	VeChain (VET)	0.01
   PrimeXBT	VeChain (VET)	0.01
   YouHodler	VeChain (VET)	0.01
   Binance	VeChain (VET)	0.01
   Coinbase	VeChain (VET)	0.01
   Uphold	VeChain (VET)	0.02

   See all 46 prices

2. 2. Choose a VeChain Lender

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

   Platform	Coin	Interest rate
   YouHodler	VeChain (VET)	Up to 30% APY
   Kucoin	VeChain (VET)	Up to 0.5% APY

   See all 4 lending rates

3. 3. Earn VeChain

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