Where & how to lend IOTA (IOTA)

Introduction

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

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

   Platform	Coin	Price
   Uphold	IOTA (IOTA)	$0.1401
   OKX	IOTA (IOTA)	$0.1334
   Binance	IOTA (IOTA)	$0.1333
   Bitmart	IOTA (IOTA)	$0.2031
   BingX	IOTA (IOTA)	$0.1333
   MEXC Global	IOTA (IOTA)	$0.1211

   See all 7 prices

2. 2. Choose a IOTA lender

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

   Platform	Coin	Interest rate
   Kucoin	IOTA (IOTA)	Up to 0.4676% APY
   OKX	IOTA (IOTA)	Up to 1% APY

3. 3. Lend your IOTA

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