Where & how to lend Wrapped Bitcoin (WBTC)

Introduction

Lending Wrapped Bitcoin can be a great option for those who want to hold WBTC 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 Wrapped Bitcoin (WBTC) tokens

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

   Platform	Coin	Price
   Uphold	Wrapped Bitcoin (WBTC)	$67,776
   Klink	Wrapped Bitcoin (WBTC)	$67,696
   Kraken	Wrapped Bitcoin (WBTC)	$67,880
   OKX	Wrapped Bitcoin (WBTC)	$67,790
   Binance	Wrapped Bitcoin (WBTC)	$67,796
   Coinbase	Wrapped Bitcoin (WBTC)	$67,759

   See all 13 prices

2. 2. Choose a Wrapped Bitcoin lender

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

   Platform	Coin	Interest rate
   Aave	Wrapped Bitcoin (WBTC)	Up to 0.1275% APY

3. 3. Lend your Wrapped Bitcoin

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