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Lending Klaytn is an excellent choice for those looking to hold KLAY while earning yield. The process may seem intimidating at first, which is why we've created this guide to help you navigate it.
To lend Klaytn, you must first own it. To acquire Klaytn, you will need to buy it. You can select from these well-known exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Binance | Klaytn (KLAY) | 0.13 |
| Uphold | Klaytn (KLAY) | 0.26 |
| Kucoin | Klaytn (KLAY) | 0.12 |
| Probit | Klaytn (KLAY) | 0.1 |
Once you have KLAY, you'll need to select a Klaytn lending platform to lend your tokens. You can find some options listed here.
After selecting a platform to lend your Klaytn, transfer your Klaytn 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.
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.
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.
