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Introduction

Lending Cardano is an excellent choice for those looking to hold ADA 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 Cardano (ADA) Tokens

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

   Platform	Coin	Cost
   Nexo	Cardano (ADA)	0.37
   PrimeXBT	Cardano (ADA)	0.37
   YouHodler	Cardano (ADA)	0.37
   Binance	Cardano (ADA)	0.37
   BTSE	Cardano (ADA)	0.37
   Coinbase	Cardano (ADA)	0.37

   View all 73 prices

2. 2. Select a Cardano Lender

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

   Platform	Coin	Interest rate
   Nexo	Cardano (ADA)	Earn up to 8% APY
   YouHodler	Cardano (ADA)	Earn up to 12% APY
   Bitget	Cardano (ADA)	Earn up to 1.8% APY
   Blockchain.com	Cardano (ADA)	Earn up to 1% APY

   View all 12 loan rates

3. 3. Earn Cardano

   After selecting a platform to earn your Cardano, transfer your Cardano 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.