Where and How to Lend Scorum Coin (SCR)

Introduction

Lending Scorum Coin can be a great option for those who want to hold SCR 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 Scorum Coin (SCR) Tokens

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

   Platform	Coin	Price
   BTSE	Scorum Coin (SCR)	0.34
   Kucoin	Scorum Coin (SCR)	0.34

   See all 4 prices

2. 2. Choose a Scorum Coin Lender

   Once you have SCR, you'll need to choose a Scorum Coin lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Kucoin	Scorum Coin (SCR)	Up to 4% APY

3. 3. Lend Your Scorum Coin

   Once you've chosen a platform to lending your Scorum Coin, transfer your Scorum Coin 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.