Where & how to lend Ethereum (ETH)

Introduction

Lending Ethereum can be a great option for those who want to hold ETH 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 Ethereum (ETH) tokens

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

   Platform	Coin	Price
   Bitpanda	Ethereum (ETH)	$2,448
   M2	Ethereum (ETH)	$2,443
   Uphold	Ethereum (ETH)	$2,454
   YouHodler	Ethereum (ETH)	$2,444
   Wirex	Ethereum (ETH)	$2,495
   EarnPark	Ethereum (ETH)	$2,458

   See all 25 prices

2. 2. Choose a Ethereum lender

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

   Platform	Coin	Interest rate
   Nexo	Ethereum (ETH)	Up to 8% APY
   M2	Ethereum (ETH)	Up to 8% APY
   YouHodler	Ethereum (ETH)	Up to 12% APY
   Wirex	Ethereum (ETH)	Up to 12% APY
   EarnPark	Ethereum (ETH)	Up to 9% APY
   Nebeus	Ethereum (ETH)	Up to 4.5% APY

   See all 20 lending rates

3. 3. Lend your Ethereum

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