Where & How to Lend AMP Token (AMP)

Introduction

Lending AMP Token can be a great option for those who want to hold AMP but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Obtain AMP Token (AMP) Tokens

   In order to lend AMP Token, you need to have it. To obtain AMP Token, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Uphold	AMP Token (AMP)	$0.0041
   Binance	AMP Token (AMP)	$0.004
   Coinbase	AMP Token (AMP)	$0.004
   BingX	AMP Token (AMP)	$0.0041
   Bitmart	AMP Token (AMP)	$0.0041
   Kucoin	AMP Token (AMP)	$0.004

   See all 8 prices

2. 2. Choose a AMP Token Lender

   Once you have AMP, you’ll need to choose a AMP Token lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Gemini	AMP Token (AMP)	Up to 0.01% APY

3. 3. Lend Your AMP Token

   Once you’ve chosen a platform to lending your AMP Token, transfer your AMP Token into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.