How to Lend Shiba Inu (SHIB) in Vietnam

Introduction

Lending Shiba Inu is an excellent choice for those looking to hold SHIB 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 Shiba Inu (SHIB) Tokens

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

   Platform	Coin	Cost
   YouHodler	Shiba Inu (SHIB)	0.000008438
   Binance	Shiba Inu (SHIB)	0.00000844
   BTSE	Shiba Inu (SHIB)	0.00000846
   OKX	Shiba Inu (SHIB)	0.00001234
   Uphold	Shiba Inu (SHIB)	0.00001307
   Bake	Shiba Inu (SHIB)	0.00000842

   View all 42 prices

2. 2. Select a Shiba Inu Lender

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

   Platform	Coin	Interest rate
   YouHodler	Shiba Inu (SHIB)	Earn up to 16% APY
   CEX.io	Shiba Inu (SHIB)	Earn up to 1% APY

   View all 6 loan rates

3. 3. Lend Your Shiba Inu

   After selecting a platform to lend your Shiba Inu, transfer your Shiba Inu 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.