How to Lend Bitcoin (BTC) in Vietnam

Introduction

Lending Bitcoin is an excellent choice for those looking to hold BTC 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 Bitcoin (BTC) Tokens

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

   Platform	Coin	Cost
   Nexo	Bitcoin (BTC)	89,714.37
   PrimeXBT	Bitcoin (BTC)	89,676.2
   EarnPark	Bitcoin (BTC)	89,655.54
   YouHodler	Bitcoin (BTC)	89,727.67
   Binance	Bitcoin (BTC)	89,727.68
   BTSE	Bitcoin (BTC)	89,713.9

   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 listed 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. Lend Your Bitcoin

   After selecting a platform to lend your Bitcoin, transfer your Bitcoin 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.