Where and How to Lend Storj (STORJ)

Introduction

Lending Storj can be a great option for those who want to hold STORJ 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 Storj (STORJ) Tokens

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

   Platform	Coin	Price
   Bitpanda	Storj (STORJ)	0.6
   Uphold	Storj (STORJ)	0.51
   Kraken	Storj (STORJ)	0.6
   OKX	Storj (STORJ)	0.6
   Binance	Storj (STORJ)	0.51
   Coinbase	Storj (STORJ)	0.6

   See all 20 prices

2. 2. Choose a Storj Lender

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

   Platform	Coin	Interest rate
   Kucoin	Storj (STORJ)	Up to 0.5 APY
   OKX	Storj (STORJ)	Up to 1 APY
   Gemini	Storj (STORJ)	Up to 0.01 APY

3. 3. Lend Your Storj

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