Where and How to Lend Binance-Peg SHIB (SHIB)

Introduction

Lending Binance-Peg SHIB can be a great option for those who want to hold SHIB 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 Guide

1. 1. Obtain Binance-Peg SHIB (SHIB) Tokens

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

   Platform	Coin	Price
   Coinbase	Binance-Peg SHIB (SHIB)	0.00002502
   MEXC Global	Binance-Peg SHIB (SHIB)	0.00002501
   Hotcoin	Binance-Peg SHIB (SHIB)	0.000025
   Bitvavo	Binance-Peg SHIB (SHIB)	0.00002509
   CoinEx	Binance-Peg SHIB (SHIB)	0.00002497

   See all 5 prices

2. 2. Choose a Binance-Peg SHIB Lender

   Once you have SHIB, you’ll need to choose a Binance-Peg SHIB lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   MEXC Global	Binance-Peg SHIB (SHIB)	Up to 0.4 APY

3. 3. Lend Your Binance-Peg SHIB

   Once you’ve chosen a platform to lending your Binance-Peg SHIB, transfer your Binance-Peg SHIB 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.