How to Lend Bitcoin (BTC): A Step-by-Step Guide

Introduction

Lending Bitcoin can be a great option for those who want to hold BTC 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. Obtain Bitcoin (BTC) Tokens
In order to lend Bitcoin, you need to have it. To obtain Bitcoin, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Bitcoin (BTC) 117,855.54
PrimeXBT Bitcoin (BTC) 117,810.6
EarnPark Bitcoin (BTC) 117,890.01
YouHodler Bitcoin (BTC) 117,855.66
Uphold Bitcoin (BTC) 105,584.72
Kraken Bitcoin (BTC) 117,966.18
See all 80 prices

Platform	Coin	Price
Nexo	Bitcoin (BTC)	117,855.54
PrimeXBT	Bitcoin (BTC)	117,810.6
EarnPark	Bitcoin (BTC)	117,890.01
YouHodler	Bitcoin (BTC)	117,855.66
Uphold	Bitcoin (BTC)	105,584.72
Kraken	Bitcoin (BTC)	117,966.18

2. Choose a Bitcoin Lender

Once you have BTC, you'll need to choose a Bitcoin lending platform to lend your tokens. You can see some options here.

Platform	Coin	Interest rate
Nexo	Bitcoin (BTC)	Up to 7% APY
Nebeus	Bitcoin (BTC)	Up to 4.5% APY
YouHodler	Bitcoin (BTC)	Up to 500% APY
Xapo Bank	Bitcoin (BTC)	Up to 3.9% APY
EarnPark	Bitcoin (BTC)	Up to 15% APY
Neverless	Bitcoin (BTC)	Up to 7.25% APY

See all 27 lending rates

3. Lend Your Bitcoin
Once you've chosen a platform to lending your Bitcoin, transfer your Bitcoin 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. 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.

Latest Movements

Bitcoin (BTC) is currently priced at $2.25 with a 24-hour trading volume of $1,281.91. The market cap of Bitcoin stands at $1.06M, with 2.46M BTC in circulation. For those looking to buy or trade Bitcoin, Nexo offers avenues to do so securely and efficiently}

Market cap: $1.06M
24h volume: $1,281.91
Circulating supply: 2.46M BTC

See latest information

Frequently Asked Questions About Lending Bitcoin (BTC)

What are Bitcoin (BTC) lending rates, and how do they work?: Bitcoin lending rates refer to the interest rates charged by platforms when borrowing Bitcoin or the rates offered for lending your Bitcoin. These rates can vary significantly across different platforms. For instance, there are currently 15 lending rates available for Bitcoin, with the best rate offered by Neverless. Staying informed about these rates is crucial for making sound lending decisions. Regularly checking platforms like Bitcompare can help you compare rates in real time.

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