Introduction
Lending Bitcoin Cash is an excellent choice for those looking to hold BCH 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. Acquire Bitcoin Cash (BCH) Tokens
To lend Bitcoin Cash, you must first possess it. To acquire Bitcoin Cash, you will need to buy it. You can select from these well-known exchanges.
View all 57 pricesPlatform Coin Cost Nexo Bitcoin Cash (BCH) 591.75 PrimeXBT Bitcoin Cash (BCH) 589.56 EarnPark Bitcoin Cash (BCH) 592.45 YouHodler Bitcoin Cash (BCH) 590.14 Binance Bitcoin Cash (BCH) 590.1 OKX Bitcoin Cash (BCH) 593.3 2. Select a Bitcoin Cash Lender
Once you have BCH, you'll need to select a Bitcoin Cash lending platform to lend your tokens. You can find some options here.
View all 14 loan ratesPlatform Coin Interest rate Nexo Bitcoin Cash (BCH) Earn up to 11% APY Nebeus Bitcoin Cash (BCH) Earn up to 4.5% APY EarnPark Bitcoin Cash (BCH) Earn up to 5% APY YouHodler Bitcoin Cash (BCH) Earn up to 12% APY Blockchain.com Bitcoin Cash (BCH) Earn up to 2% APY 3. Earn Bitcoin Cash
After selecting a platform to earn your Bitcoin Cash, transfer your Bitcoin Cash 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. 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.
Recent Developments
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- Market capitalization
- $8.42B
- 24-hour trading volume
- $229.05M
- Circulating supply refers to the total amount of a cryptocurrency or token that is currently available for trading in the market. It excludes tokens that are locked, reserved, or not yet released.
- 19.81M BCH
