Where & how to lend Venom (VENOM)

Introduction

Lending Venom can be a great option for those who want to hold VENOM 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 Venom (VENOM) tokens

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

   Platform	Coin	Price
   Bitpanda	Venom (VENOM)	$0.1058
   OKX	Venom (VENOM)	$0.1056
   BingX	Venom (VENOM)	$0.1058
   MEXC Global	Venom (VENOM)	$0.1097
   Kucoin	Venom (VENOM)	$0.1059
   Bybit	Venom (VENOM)	$0.1057

   See all 6 prices

2. 2. Choose a Venom lender

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

   Platform	Coin	Interest rate
   Kucoin	Venom (VENOM)	Up to 0.5% APY

3. 3. Lend your Venom

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