Where & how to lend Telcoin (TEL)

Introduction

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

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

   Platform	Coin	Price
   Bitmart	Telcoin (TEL)	$0.0028
   BingX	Telcoin (TEL)	$0.0019
   Kucoin	Telcoin (TEL)	$0.0019
   Bitget	Telcoin (TEL)	$0.0019
   Bybit	Telcoin (TEL)	$0.0019

   See all 5 prices

2. 2. Choose a Telcoin lender

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

   Platform	Coin	Interest rate
   Kucoin	Telcoin (TEL)	Up to 0.5% APY

3. 3. Lend your Telcoin

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