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Where & how to lend Kusama (KSM)

Earn up to
12% APY

Lend with Nexo

What you'll learn

  1. 1

    How to lend Kusama (KSM)

    An in-depth guide on how to lend Kusama (KSM)

  2. 2

    Statistics about Kusama lending

    We have a lot of data on lending Kusama (KSM) and we share some of this with you.

  3. 3

    Other coins you can lend

    We show you some lending options with other coins that could be of interest.

Introduction

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

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

  2. 2. Choose a Kusama lender

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

    PlatformCoinInterest rate
    NexoKusama (KSM)Up to 12% APY
    KucoinKusama (KSM)Up to 0.5% APY
    BitgetKusama (KSM)Up to 6% APY
    See all 4 lending rates
  3. 3. Lend your Kusama

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

Latest movements

Kusama (KSM) is currently priced at $12 with a 24-hour trading volume of $19.72M. The market cap of Kusama stands at 277.57M, with $15.65M KSM in circulation. For those looking to buy or trade Kusama, Nexo offers avenues to do so securely and efficiently.

Market cap
$277.57M
24h Volume
$19.72M
Circulating supply
$15.65M
See latest information
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