Where & how to lend UTRUST (UTK)

Introduction

Lending UTRUST can be a great option for those who want to hold UTK 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 UTRUST (UTK) tokens

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

   Platform	Coin	Price
   Bitpanda	UTRUST (UTK)	$0.0456
   OKX	UTRUST (UTK)	$0.0455
   Binance	UTRUST (UTK)	$0.0431
   Bitmart	UTRUST (UTK)	$0.071
   BingX	UTRUST (UTK)	$0.0456
   MEXC Global	UTRUST (UTK)	$0.0455

   See all 8 prices

2. 2. Choose a UTRUST lender

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

   Platform	Coin	Interest rate
   Kucoin	UTRUST (UTK)	Up to 0.5% APY

3. 3. Lend your UTRUST

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