Where and How to Lend Brazilian Digital (BRZ)

Introduction

Lending Brazilian Digital can be a great option for those who want to hold BRZ 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 Brazilian Digital (BRZ) Tokens

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

   Platform	Coin	Price
   YouHodler	Brazilian Digital (BRZ)	0.33
   Bybit	Brazilian Digital (BRZ)	5.29
   Wirex	Brazilian Digital (BRZ)	0.20

2. 2. Choose a Brazilian Digital Lender

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

   Platform	Coin	Interest rate
   Wirex	Brazilian Digital (BRZ)	Up to 15.00 APY

3. 3. Lend Your Brazilian Digital

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