Where & how to lend Monero (XMR)

Introduction

Lending Monero can be a great option for those who want to hold XMR 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

1. 1. Obtain Monero (XMR) tokens

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

   Platform	Coin	Price
   Kraken	Monero (XMR)	$157.57
   PrimeXBT	Monero (XMR)	$119.1
   Binance	Monero (XMR)	$0
   BTSE	Monero (XMR)	$157.6
   BingX	Monero (XMR)	$161.9
   Bitmart	Monero (XMR)	$157.31

   See all 10 prices

2. 2. Choose a Monero lender

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

   Platform	Coin	Interest rate
   Kucoin	Monero (XMR)	Up to 0.435% APY

3. 3. Lend your Monero

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