How to Lend Terra (LUNA) in Vietnam

Introduction

Lending Terra is an excellent choice for those looking to hold LUNA 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 Terra (LUNA) Tokens

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

   Platform	Coin	Cost
   YouHodler	Terra (LUNA)	0.15
   Binance	Terra (LUNA)	0.15
   BTSE	Terra (LUNA)	0.15
   Kraken	Terra (LUNA)	0.15
   OKX	Terra (LUNA)	0.15
   BingX	Terra (LUNA)	0.15

   View all 39 prices

2. 2. Select a Terra Lender

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

   Platform	Coin	Interest rate
   Bitget	Terra (LUNA)	Earn up to 6.5% APY
   Gemini	Terra (LUNA)	Earn up to 0.01% APY
   Kucoin	Terra (LUNA)	Earn up to 5% APY

   View all 5 loan rates

3. 3. Lend Your Terra

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