Where and How to Lend Wrapped Bitcoin (WBTC)

Introduction

Lending Wrapped Bitcoin can be a great option for those who want to hold WBTC 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 Wrapped Bitcoin (WBTC) Tokens

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

   Platform	Coin	Price
   Kraken	Wrapped Bitcoin (WBTC)	118,042.5
   OKX	Wrapped Bitcoin (WBTC)	116,757
   Binance	Wrapped Bitcoin (WBTC)	117,878.63
   BingX	Wrapped Bitcoin (WBTC)	117,922.73
   Bitget	Wrapped Bitcoin (WBTC)	117,739.2
   Bitmart	Wrapped Bitcoin (WBTC)	117,889.32

   See all 20 prices

2. 2. Choose a Wrapped Bitcoin Lender

   Once you have WBTC, you'll need to choose a Wrapped Bitcoin lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Aave	Wrapped Bitcoin (WBTC)	Up to 0.01% APY
   Bitget	Wrapped Bitcoin (WBTC)	Up to 1.3% APY
   Compound	Wrapped Bitcoin (WBTC)	Up to 0.41% APY
   Klink	Wrapped Bitcoin (WBTC)	Up to 4% APY

   See all 14 lending rates

3. 3. Lend Your Wrapped Bitcoin

   Once you've chosen a platform to lending your Wrapped Bitcoin, transfer your Wrapped Bitcoin 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.