Where & how to lend Ravencoin (RVN)

Introduction

Lending Ravencoin can be a great option for those who want to hold RVN 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 Ravencoin (RVN) tokens

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

   Platform	Coin	Price
   Bitpanda	Ravencoin (RVN)	$0.0162
   Uphold	Ravencoin (RVN)	$0.0172
   OKX	Ravencoin (RVN)	$0.0162
   Binance	Ravencoin (RVN)	$0.0161
   Bitmart	Ravencoin (RVN)	$0.0249
   BingX	Ravencoin (RVN)	$0.0161

   See all 10 prices

2. 2. Choose a Ravencoin lender

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

   Platform	Coin	Interest rate
   OKX	Ravencoin (RVN)	Up to 1% APY
   Kucoin	Ravencoin (RVN)	Up to 0.5% APY

3. 3. Lend your Ravencoin

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