Where & how to lend Dogecoin (DOGE)

Introduction

Lending Dogecoin can be a great option for those who want to hold DOGE 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

1. 1. Obtain Dogecoin (DOGE) tokens

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

   Platform	Coin	Price
   Bitpanda	Dogecoin (DOGE)	$0.1011
   M2	Dogecoin (DOGE)	$0.1011
   YouHodler	Dogecoin (DOGE)	$0.101
   Uphold	Dogecoin (DOGE)	$0.1067
   Wirex	Dogecoin (DOGE)	$0.103
   EarnPark	Dogecoin (DOGE)	$0.1012

   See all 22 prices

2. 2. Choose a Dogecoin lender

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

   Platform	Coin	Interest rate
   Nexo	Dogecoin (DOGE)	Up to 3% APY
   M2	Dogecoin (DOGE)	Up to 4.5% APY
   YouHodler	Dogecoin (DOGE)	Up to 11% APY
   EarnPark	Dogecoin (DOGE)	Up to 7% APY
   MEXC Global	Dogecoin (DOGE)	Up to 1% APY

   See all 11 lending rates

3. 3. Lend your Dogecoin

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