Where & how to lend Kusama (KSM)

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.

   Platform	Coin	Price
   Nexo	Kusama (KSM)	$18.06
   Bitpanda	Kusama (KSM)	$18
   Wirex	Kusama (KSM)	$18.14
   Uphold	Kusama (KSM)	$17.79
   Kraken	Kusama (KSM)	$18.04
   OKX	Kusama (KSM)	$18.01

   See all 18 prices

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.

   Platform	Coin	Interest rate
   Nexo	Kusama (KSM)	Up to 12% APY
   Kucoin	Kusama (KSM)	Up to 0.5% APY
   Bitget	Kusama (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.