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Introduction

Lending Litecoin is an excellent choice for those looking to hold LTC 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 Litecoin (LTC) Tokens

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

   Platform	Coin	Cost
   Nexo	Litecoin (LTC)	75.61
   PrimeXBT	Litecoin (LTC)	75.56
   YouHodler	Litecoin (LTC)	75.57
   Binance	Litecoin (LTC)	75.61
   BTSE	Litecoin (LTC)	75.59
   Kraken	Litecoin (LTC)	75.57

   View all 61 prices

2. 2. Select a Litecoin Lender

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

   Platform	Coin	Interest rate
   Nexo	Litecoin (LTC)	Earn up to 8% APY
   Nebeus	Litecoin (LTC)	Earn up to 4.5% APY
   YouHodler	Litecoin (LTC)	Earn up to 16% APY
   Bitget	Litecoin (LTC)	Earn up to 0.3% APY
   Blockchain.com	Litecoin (LTC)	Earn up to 1% APY

   View all 11 loan rates

3. 3. Earn Litecoin

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