Where & How to Lend Ankr Network (ANKR)

Introduction

Lending Ankr Network can be a great option for those who want to hold ANKR 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 Ankr Network (ANKR) Tokens

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

   Platform	Coin	Price
   Bitpanda	Ankr Network (ANKR)	$0.0275
   Uphold	Ankr Network (ANKR)	$0.0277
   Kraken	Ankr Network (ANKR)	$0.0273
   Binance	Ankr Network (ANKR)	$0.0273
   Coinbase	Ankr Network (ANKR)	$0.0273
   BTSE	Ankr Network (ANKR)	$0.0276

   See all 14 prices

2. 2. Choose a Ankr Network Lender

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

   Platform	Coin	Interest rate
   Kucoin	Ankr Network (ANKR)	Up to 0.1587% APY
   Gemini	Ankr Network (ANKR)	Up to 0.01% APY

3. 3. Lend Your Ankr Network

   Once you’ve chosen a platform to lending your Ankr Network, transfer your Ankr Network 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.