Introduction
Lending Hedera can be a great option for those who want to hold HBAR 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. Obtain Hedera (HBAR) tokens
In order to lend Hedera, you need to have it. To obtain Hedera, you’ll need to purchase it. You can choose from these popular exchanges.
See all 15 pricesPlatform Coin Price Bitpanda Hedera (HBAR) $0.0514 Uphold Hedera (HBAR) $0.0553 Wirex Hedera (HBAR) $0.1125 OKX Hedera (HBAR) $0.0513 Binance Hedera (HBAR) $0.0513 Coinbase Hedera (HBAR) $0.0514 2. Choose a Hedera lender
Once you have HBAR, you’ll need to choose a Hedera lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Hedera (HBAR) Up to 0.3632% APY OKX Hedera (HBAR) Up to 1% APY 3. Lend your Hedera
Once you’ve chosen a platform to lending your Hedera, transfer your Hedera 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
Hedera (HBAR) is currently priced at $0.0515 with a 24-hour trading volume of $67.81M. In the last 24 hours, Hedera has experienced a decrease of -0.39%. The market cap of Hedera stands at 1.91B, with $37.01B HBAR in circulation. For those looking to buy or trade Hedera, reputable platforms like Bitpanda, OKX and Binance offer avenues to do so securely and efficiently.
- Market cap
- $1.91B
- 24h Volume
- $67.81M
- Circulating supply
- $37.01B