Where & how to lend VeChain (VET)

Introduction

Lending VeChain can be a great option for those who want to hold VET 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 VeChain (VET) tokens

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

   Platform	Coin	Price
   WhiteBit	VeChain (VET)	$0.0224
   WhiteBit	VeChain (VET)	$0.0224

2. 2. Choose a VeChain lender

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

   Platform	Coin	Interest rate
   Kucoin	VeChain (VET)	Up to 0.5% APY
   YouHodler	VeChain (VET)	Up to 30% APY

3. 3. Lend your VeChain

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