Introduction
Lending Hedera can be a great option for those who want to hold HBAR 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 Hedera (HBAR) Tokens
In order to lend Hedera, you need to have it. To obtain Hedera, you'll need to purchase it. You can choose from these popular exchanges.
See all 51 pricesPlatform Coin Price Binance Hedera (HBAR) 0.25 Coinbase Hedera (HBAR) 0.24 Kraken Hedera (HBAR) 0.24 OKX Hedera (HBAR) 0.24 Uphold Hedera (HBAR) 0.17 Azbit Hedera (HBAR) 0.24 2. Choose a Hedera Lender
Once you have HBAR, you'll need to choose a Hedera lending platform to lend your tokens. You can see some options here.
See all 4 lending ratesPlatform Coin Interest rate Coinbase Hedera (HBAR) Up to 0.13% APY Kucoin Hedera (HBAR) Up to 0.04% APY 3. Earn Hedera
Once you've chosen a platform to earning your Hedera, transfer your Hedera into your wallet in the earning 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 earning platform pays compounding interest to maximise your returns.
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
Hedera (HBAR) is currently priced at $0.13 with a 24-hour trading volume of $518.74M. The market cap of Hedera stands at $10.43B, with 38.26B HBAR in circulation. For those looking to buy or trade Hedera, Coinbase offers avenues to do so securely and efficiently}
- Market cap
- $10.43B
- 24h volume
- $518.74M
- Circulating supply
- 38.26B HBAR
Frequently Asked Questions About Lending Hedera (HBAR)
- What is Hedera (HBAR) and how does it function?
- Hedera (HBAR) is a decentralized public network designed to enable fast, secure, and fair transactions. It utilizes a unique Directed Acyclic Graph (DAG) technology, specifically its Hashgraph consensus algorithm, which allows it to process thousands of transactions per second with low latency. Hedera supports various decentralized applications (dApps) and employs a governing council of global enterprises to ensure stability, security, and efficient decision-making within its ecosystem, fostering a trusted environment for users and developers.