How to Lend Chainlink (LINK): A Step-by-Step Guide

Introduction

Lending Chainlink can be a great option for those who want to hold LINK 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 Chainlink (LINK) Tokens
In order to lend Chainlink, you need to have it. To obtain Chainlink, you’ll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Chainlink (LINK) 17.93
PrimeXBT Chainlink (LINK) 17.86
M2 Chainlink (LINK) 17.88
Uphold Chainlink (LINK) 17.7
OKX Chainlink (LINK) 18
YouHodler Chainlink (LINK) 17.89
See all 71 prices
2. Choose a Chainlink Lender
Once you have LINK, you’ll need to choose a Chainlink lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Nexo Chainlink (LINK) Up to 7 APY
YouHodler Chainlink (LINK) Up to 12 APY
Aave Chainlink (LINK) Up to 0.03 APY
See all 13 lending rates
3. Lend Your Chainlink
Once you’ve chosen a platform to lending your Chainlink, transfer your Chainlink 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
Nexo	Chainlink (LINK)	17.93
PrimeXBT	Chainlink (LINK)	17.86
M2	Chainlink (LINK)	17.88
Uphold	Chainlink (LINK)	17.7
OKX	Chainlink (LINK)	18
YouHodler	Chainlink (LINK)	17.89

Platform	Coin	Interest rate
Nexo	Chainlink (LINK)	Up to 7 APY
YouHodler	Chainlink (LINK)	Up to 12 APY
Aave	Chainlink (LINK)	Up to 0.03 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

Chainlink (LINK) is currently priced at $7 with a 24-hour trading volume of $867.93M. The market cap of Chainlink stands at $12.56B, with 631.1M LINK in circulation. For those looking to buy or trade Chainlink, Nexo offers avenues to do so securely and efficiently}

Market cap: $12.56B
24h volume: $867.93M
Circulating supply: 631.1M LINK

See latest information

Frequently Asked Questions About Lending Chainlink (LINK)

What are the current Chainlink (LINK) lending rates?: Chainlink (LINK) lending rates vary and can be influenced by different market conditions. Use tools on Bitcompare for real-time rate comparisons. By staying informed, you can make better lending decisions.
How often do Chainlink lending rates change?: Lending rates for Chainlink can change frequently due to market dynamics. Visit Bitcompare regularly for updates to ensure you have the most current information.
Why should I compare LINK lending rates?: Comparing LINK lending rates helps identify the most favorable rates in the market. Bitcompare provides tools like sentiment analysis and real-time alerts for informed decision-making.
How can I stay updated with LINK lending rate changes?: Use Bitcompare's tools like email alerts and check the platform frequently. Bookmark it for easy access to the latest LINK lending rates, news, and analysis.
What factors influence LINK lending rates?: Factors like market demand, liquidity, and exchange-specific policies can impact LINK lending rates. Stay informed via Bitcompare to understand these influences better.
Where can I find reliable information on LINK rates?: Bitcompare is a trusted platform for comparing cryptocurrency rates, including Chainlink. It offers current price comparisons and news to help keep you informed.
Can I get alerts for changes in Chainlink lending rates?: Yes, Bitcompare offers email alerts for changes in LINK lending rates. Sign up to receive notifications and stay ahead of market shifts.