How to Lend Bitcoin Cash (BCH) in Vietnam

Introduction

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

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

   Platform	Coin	Cost
   Nexo	Bitcoin Cash (BCH)	653.1
   PrimeXBT	Bitcoin Cash (BCH)	650.61
   EarnPark	Bitcoin Cash (BCH)	648.56
   YouHodler	Bitcoin Cash (BCH)	651.18
   Binance	Bitcoin Cash (BCH)	651.9
   OKX	Bitcoin Cash (BCH)	645

   View all 57 prices

2. 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 listed here.

   Platform	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

   View all 14 loan rates

3. 3. Lend Your Bitcoin Cash

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