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Introduction

Lending Bitcoin is an excellent choice for those looking to hold BTC while earning yield. The process may seem intimidating, especially for first-timers. That's why we've created this guide to help you navigate it.

Comprehensive Guide

1. 1. Acquire Bitcoin (BTC) Tokens

   To lend Bitcoin, you must first possess it. To acquire Bitcoin, you will need to buy it. You can select from these well-known exchanges.

   Platform	Coin	Cost
   Nexo	Bitcoin (BTC)	90,043.37
   PrimeXBT	Bitcoin (BTC)	89,987.7
   EarnPark	Bitcoin (BTC)	90,050.73
   YouHodler	Bitcoin (BTC)	90,020.06
   Binance	Bitcoin (BTC)	90,020.05
   BTSE	Bitcoin (BTC)	90,030.2

   View all 80 prices

2. 2. Select a Bitcoin Lender

   Once you have BTC, you'll need to select a Bitcoin lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Nexo	Bitcoin (BTC)	Earn up to 7% APY
   Nebeus	Bitcoin (BTC)	Earn up to 4.5% APY
   EarnPark	Bitcoin (BTC)	Earn up to 15% APY
   YouHodler	Bitcoin (BTC)	Earn up to 12% APY
   Neverless	Bitcoin (BTC)	Earn up to 7.25% APY

   View all 26 loan rates

3. 3. Earn Bitcoin

   After selecting a platform to earn your Bitcoin, transfer your Bitcoin to your wallet on that platform. Once deposited, it will begin accruing interest. Some platforms offer daily interest payments, while others may pay weekly or monthly.

4. 4. Accumulate Interest

   Now all you need to do is relax while your crypto generates interest. The more you deposit, the more interest you can earn. Ensure that your earning platform offers compounding interest to maximize your returns.

Key Considerations

Lending your cryptocurrency can involve risks. Ensure you conduct thorough research before making any deposits. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the security measures they have in place for your assets.