Introduction

Lending Pound Sterling can be a great option for those who want to hold GBP 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 Pound Sterling (GBP) Tokens

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

   Platform	Coin	Price
   YouHodler	Pound Sterling (GBP)	1.35
   Uphold	Pound Sterling (GBP)	1.35
   Kraken	Pound Sterling (GBP)	1.35
   Binance	Pound Sterling (GBP)	1.18
   Bitfinex	Pound Sterling (GBP)	1.32
   Bitstamp	Pound Sterling (GBP)	1.35

   See all 15 prices

2. 2. Choose a Pound Sterling Lender

   Once you have GBP, you'll need to choose a Pound Sterling lending platform to lend your tokens. You can see some options here.

3. 3. Lend Your Pound Sterling

   Once you've chosen a platform to lending your Pound Sterling, transfer your Pound Sterling 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.