Introduction

Lending Acala is an excellent choice for those looking to hold ACA while earning yield. The process may seem intimidating at first, which is why we've created this guide to help you navigate it.

Comprehensive Guide

1. 1. Acquire Acala (ACA) Tokens

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

   Platform	Coin	Cost
   Binance	Acala (ACA)	0.01
   Kraken	Acala (ACA)	0.01
   OKX	Acala (ACA)	0.04
   BingX	Acala (ACA)	0.01
   Bitget	Acala (ACA)	0.01
   Bitmart	Acala (ACA)	0.03

   View all 26 prices

2. 2. Select a Acala Lender

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

3. 3. Lend Your Acala

   After selecting a platform to lend your Acala, transfer your Acala into your wallet on that platform. Once deposited, it will begin to earn interest. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Grow Your Savings

   Now all you need to do is relax while your crypto accumulates interest. The more you deposit, the greater your potential earnings. Ensure that your lending platform offers compounding interest to maximize your returns.

Things to Consider

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing. Only lend what you can afford to lose. Review their lending practices, read user reviews, and understand how they secure your cryptocurrency.