How to Lend Stellar (XLM) in Vietnam

Introduction

Lending Stellar is an excellent choice for those looking to hold XLM 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 Stellar (XLM) Tokens

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

   Platform	Coin	Cost
   Nexo	Stellar (XLM)	0.22
   PrimeXBT	Stellar (XLM)	0.22
   EarnPark	Stellar (XLM)	0.22
   YouHodler	Stellar (XLM)	0.22
   Binance	Stellar (XLM)	0.22
   Coinbase	Stellar (XLM)	0.22

   View all 70 prices

2. 2. Select a Stellar Lender

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

   Platform	Coin	Interest rate
   Nexo	Stellar (XLM)	Earn up to 8% APY
   Nebeus	Stellar (XLM)	Earn up to 4.5% APY
   EarnPark	Stellar (XLM)	Earn up to 8% APY
   YouHodler	Stellar (XLM)	Earn up to 12% APY
   Blockchain.com	Stellar (XLM)	Earn up to 1% APY

   View all 12 loan rates

3. 3. Lend Your Stellar

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