Introduction
Lending Bitcoin Cash can be a great option for those who want to hold BCH 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 Cash (BCH) Tokens
In order to lend Bitcoin Cash, you need to have it. To obtain Bitcoin Cash, you’ll need to purchase it. You can choose from these popular exchanges.
See all 19 pricesPlatform Coin Price Nexo Bitcoin Cash (BCH) 343.61 Bitpanda Bitcoin Cash (BCH) 356.02 Uphold Bitcoin Cash (BCH) 340.92 Wirex Bitcoin Cash (BCH) 343.13 EarnPark Bitcoin Cash (BCH) 341.50 Kraken Bitcoin Cash (BCH) 349.75 2. Choose a Bitcoin Cash Lender
Once you have BCH, you’ll need to choose a Bitcoin Cash lending platform to lend your tokens. You can see some options here.
See all 11 lending ratesPlatform Coin Interest rate Nexo Bitcoin Cash (BCH) Up to 11.00 APY EarnPark Bitcoin Cash (BCH) Up to 14.00 APY Nebeus Bitcoin Cash (BCH) Up to 4.50 APY YouHodler Bitcoin Cash (BCH) Up to 12.00 APY EMCD Coinhold Bitcoin Cash (BCH) Up to 8.00 APY 3. Lend Your Bitcoin Cash
Once you’ve chosen a platform to lending your Bitcoin Cash, transfer your Bitcoin Cash 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 Cash (BCH) is currently priced at $8.00 with a 24-hour trading volume of $284.83M. The market cap of Bitcoin Cash stands at $6.76B, with $19.78M BCH in circulation. For those looking to buy or trade Bitcoin Cash, Nexo offers avenues to do so securely and efficiently}
- Market cap
- $6.76B
- 24h volume
- $284.83M
- Circulating supply
- $19.78M