Where and How to Lend Ethereum Classic (ETC)

Introduction

Lending Ethereum Classic can be a great option for those who want to hold ETC 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. 1. Obtain Ethereum Classic (ETC) Tokens

   In order to lend Ethereum Classic, you need to have it. To obtain Ethereum Classic, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Ethereum Classic (ETC)	22.7
   Kraken	Ethereum Classic (ETC)	22.66
   OKX	Ethereum Classic (ETC)	22.68
   Binance	Ethereum Classic (ETC)	22.72
   Coinbase	Ethereum Classic (ETC)	22.71
   Azbit	Ethereum Classic (ETC)	22.63

   See all 53 prices

2. 2. Choose a Ethereum Classic Lender

   Once you have ETC, you'll need to choose a Ethereum Classic lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Blockchain.com	Ethereum Classic (ETC)	Up to 1% APY
   Kucoin	Ethereum Classic (ETC)	Up to 0.43% APY

   See all 4 lending rates

3. 3. Lend Your Ethereum Classic

   Once you've chosen a platform to lending your Ethereum Classic, transfer your Ethereum Classic 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. 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.

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.