Where & How to Lend Internet Computer (ICP)

Introduction

Lending Internet Computer can be a great option for those who want to hold ICP 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 Internet Computer (ICP) Tokens

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

   Platform	Coin	Price
   Nexo	Internet Computer (ICP)	$7.85
   Bitpanda	Internet Computer (ICP)	$7.93
   Uphold	Internet Computer (ICP)	$7.94
   Kraken	Internet Computer (ICP)	$7.86
   OKX	Internet Computer (ICP)	$7.86
   PrimeXBT	Internet Computer (ICP)	$7.86

   See all 19 prices

2. 2. Choose a Internet Computer Lender

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

   Platform	Coin	Interest rate
   Kucoin	Internet Computer (ICP)	Up to 0.5% APY
   OKX	Internet Computer (ICP)	Up to 1% APY

3. 3. Lend Your Internet Computer

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