How to Lend Internet Computer (ICP) in Vietnam

Introduction

Lending Internet Computer is an excellent choice for those looking to hold ICP 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 Internet Computer (ICP) Tokens

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

   Platform	Coin	Cost
   PrimeXBT	Internet Computer (ICP)	3
   YouHodler	Internet Computer (ICP)	3
   Binance	Internet Computer (ICP)	3
   Coinbase	Internet Computer (ICP)	3
   Kraken	Internet Computer (ICP)	3
   OKX	Internet Computer (ICP)	5.15

   View all 54 prices

2. 2. Select a Internet Computer Lender

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

   Platform	Coin	Interest rate
   Kucoin	Internet Computer (ICP)	Earn up to 0.5% APY

3. 3. Lend Your Internet Computer

   After selecting a platform to lend your Internet Computer, transfer your Internet Computer 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.