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) 22.41
PrimeXBT Chainlink (LINK) 22.33
M2 Chainlink (LINK) 22.35
Uphold Chainlink (LINK) 22.35
Klink Chainlink (LINK) 22.42
OKX Chainlink (LINK) 22.4
See all 37 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 7 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)	22.41
PrimeXBT	Chainlink (LINK)	22.33
M2	Chainlink (LINK)	22.35
Uphold	Chainlink (LINK)	22.35
Klink	Chainlink (LINK)	22.42
OKX	Chainlink (LINK)	22.4

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 $12 with a 24-hour trading volume of $1.17B. The market cap of Chainlink stands at $14.15B, 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: $14.15B
24h volume: $1.17B
Circulating supply: $631.1M

See latest information

Frequently Asked Questions About Lending Chainlink (LINK)

What are Chainlink (LINK) lending rates?: Chainlink (LINK) lending rates refer to the interest rates you can earn or pay when lending or borrowing LINK on various platforms. These rates vary by platform and market conditions. Real-time rates can be found using tools on Bitcompare, which include real-time price comparisons and updated information. Stay informed by regularly checking the platform.
How can I find the best LINK lending rates?: To find the best LINK lending rates, use Bitcompare's trusted crypto comparison tools. They offer real-time rate comparisons across various exchanges and platforms. Regularly check these tools, bookmark the page for easy access, and set up email alerts to stay updated on the latest rate changes and market trends.
Do LINK lending rates change frequently?: Yes, LINK lending rates can change frequently due to market dynamics. Rates are influenced by supply and demand, market sentiment, and platform policies. Stay updated by checking Bitcompare's tools frequently, which provide real-time data and alerts to keep you informed of any changes.
Where can I track LINK lending rates?: Tracking LINK lending rates is made easier with Bitcompare's platform. It offers a suite of tools such as real-time price comparisons, sentiment analysis, and alerts. Bookmark the page and check regularly to stay ahead of the market and make informed decisions.
Why do LINK lending rates vary between platforms?: LINK lending rates vary due to each platform's unique policies, user demand, and the broader market environment. Bitcompare helps navigate these differences by providing comprehensive rate comparisons and insights. Regularly use this platform to understand rate variations and choose the best option for your needs.
What tools are available to help monitor LINK lending rates?: Bitcompare provides advanced tools for monitoring LINK lending rates. These include real-time price comparisons, market sentiment analysis, email alerts, and news updates. Bookmark the page for quick access and use these tools regularly to stay informed and adapt to market changes.