Introduction
Lending Bitcoin SV can be a great option for those who want to hold BSV 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 SV (BSV) Tokens
In order to lend Bitcoin SV, you need to have it. To obtain Bitcoin SV, you'll need to purchase it. You can choose from these popular exchanges.
See all 25 pricesPlatform Coin Price YouHodler Bitcoin SV (BSV) 36.95 OKX Bitcoin SV (BSV) 36.93 Coinbase Bitcoin SV (BSV) 69.51 MEXC Global Bitcoin SV (BSV) 36.93 Bitget Bitcoin SV (BSV) 36.94 Gate.io Bitcoin SV (BSV) 36.93 2. Choose a Bitcoin SV Lender
Once you have BSV, you'll need to choose a Bitcoin SV lending platform to lend your tokens. You can see some options here.
3. Lend Your Bitcoin SV
Once you've chosen a platform to lending your Bitcoin SV, transfer your Bitcoin SV 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
- Market cap
- $1.03B
- 24h volume
- $32.27M
- Circulating supply
- 19.81M BSV