How to Lend Cosmos Hub (ATOM)

Introduction

Lending Cosmos Hub can be an excellent choice for those looking to hold ATOM while earning some returns. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire Cosmos Hub (ATOM) Tokens

   To lend Cosmos Hub, you first need to possess it. To acquire Cosmos Hub, you will have to buy it. You can select from these popular exchanges available in Uganda.

   E-platform	Coin	Cost
   Nexo	Cosmos Hub (ATOM)	4.64 APY
   PrimeXBT	Cosmos Hub (ATOM)	4.48 APY
   YouHodler	Cosmos Hub (ATOM)	4.47 APY
   Uphold	Cosmos Hub (ATOM)	4.45 APY
   Kraken	Cosmos Hub (ATOM)	4.48 APY
   OKX	Cosmos Hub (ATOM)	4.47 APY

   See all 69 prices in Uganda

2. 2. Select a Cosmos Hub Lender

   Once you have ATOM, you'll need to select a Cosmos Hub lending platform to lend your tokens. You can explore some options here.

   E-platform	Coin	APY
   Nexo	Cosmos Hub (ATOM)	Up to 11% APY
   YouHodler	Cosmos Hub (ATOM)	Up to 16% APY
   Bitget	Cosmos Hub (ATOM)	Up to 9% APY
   Coinbase	Cosmos Hub (ATOM)	Up to 14.04% APY

   View all 11 APY rates

3. 3. Lend Your Cosmos Hub

   Once you've selected a platform to lend your Cosmos Hub, transfer your Cosmos Hub into your wallet on the lending platform. After it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Grow Your Savings

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximise your earnings.

What to Keep in Mind

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.