How to Lend Bittensor (TAO): A Step-by-Step Guide

Introduction

Lending Bittensor can be a great option for those who want to hold TAO but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Bittensor (TAO) Tokens
In order to lend Bittensor, you need to have it. To obtain Bittensor, you’ll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
PrimeXBT Bittensor (TAO) 286.81
Binance Bittensor (TAO) 287.1
Coinbase Bittensor (TAO) 286.89
Uphold Bittensor (TAO) 393.44
Bake Bittensor (TAO) 287.17
BingX Bittensor (TAO) 287.1
See all 33 prices
2. Choose a Bittensor Lender
Once you have TAO, you’ll need to choose a Bittensor lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Bitget Bittensor (TAO) Up to 0.3% APY
Coinbase Bittensor (TAO) Up to 18.22% APY
3. Lend Your Bittensor
Once you’ve chosen a platform to lending your Bittensor, transfer your Bittensor into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

Platform	Coin	Price
PrimeXBT	Bittensor (TAO)	286.81
Binance	Bittensor (TAO)	287.1
Coinbase	Bittensor (TAO)	286.89
Uphold	Bittensor (TAO)	393.44
Bake	Bittensor (TAO)	287.17
BingX	Bittensor (TAO)	287.1

Platform	Coin	Interest rate
Bitget	Bittensor (TAO)	Up to 0.3% APY
Coinbase	Bittensor (TAO)	Up to 18.22% APY

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.

Latest Movements

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Market cap: US$3.52B
24h volume: US$131.4M
Circulating supply: 8.14M TAO

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Frequently Asked Questions About Lending Bittensor (TAO)

What are the current lending rates for Bittensor (TAO)?: Bittensor (TAO) currently offers lending rates from various platforms. The average lending rate is not specifically available, but two rates are listed, with the best rate being on Coinbase. It is crucial to regularly check platforms like Bitcompare for real-time updates on these rates to stay informed about your options.