Where to Buy ETHLend (LEND)

ETHLend (LEND)

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How to Buy ETHLend (LEND)

Traditional lending markets take too much time, disenfranchise certain groups of people through faulty credit systems and keep some borrowers shut out because of differing interest rates around the globe. Not anymore, however. Enter ETHLend.

ETHLend is the premier decentralized lending market where lenders and borrowers from around the world connect to participate. The interest rates, in turn, are determined by the competitive free market.

 

What makes ETHLand stand out?

Using blockchain technology, ETHLand allows borrowers to circumvent traditional financial institutions and attain loans in a faster and more secure manner. All loans are legally binding, and funds are transferred within seconds through smart contracts. In addition, ETHLand allows:  

  • Borrowers to include collateral in their contracts
  • Lenders to enjoy interest payments
  • Users to build their own credit profile

That dream car is closer than you think. Let’s help you get that loan. But first, some LEND.

Create A Coinbase Account

The first part of the process will be to purchase some Bitcoin or Ethereum from Coinbase. Try going through Coinmama if you need an alternative. Maybe you already own some Bitcoin or Ethereum (hopefully a purchase made a couple years ago)? In that case, skip on to the next step.

Open Up A Binance Account

After you’ve purchased your BTC or ETH, you’ll need to head over to what we call a cryptocurrency marketplace. There, buyers like you use those main currencies to purchase all other coins. We’ll be going through Binance today, but you can buy LEND from other marketplaces as well. Create a Binance account and move on to step 3.

Send BTC or ETH to Binance

The next following steps tend to throw some people off, but all we’re doing is moving our  BTC or ETH from our Coinbase wallet to our Binance wallet. We’ve made the process simple:

  • Select “Wallets” on Binance
  • Locate your “BTC” or “ETH”
  • Press “Deposit”
  • Click and copy the address string
  • Find your way back to Coinbase
  • Tap on the “Accounts” label on Coinbase
  • Locate your BTC or ETH wallet & select “Send”
  • Place the Binance wallet address into the Coinbase recipient address bar
  • Input the desired amount and tap send!

We hope that went smoothly! If it didn’t and you need some more help, below are some screenshots describing the process using ETH for reference:

Purchase ETHLend (LEND) on Binance

Alright, now it’s game time. Find the “Markets” tab and search for the BTC/LEND or ETH/LEND market. After you find the correct market, you can name your price per coin, the amount you want to purchase, and then finally buy!

Is that it?

That’s all! If you’re still confused, see below for reference. We used Ethereum but it’s interchangeable with Bitcoin.

Decide & Deposit

Congrats on the purchase! You get to decide the next steps. A lot of people choose to let their cryptos sit in their wallets, but if you’re feeling confident with purchasing, you can head back to the marketplace to make some more investments.

 

What else is there?

Nothing, you’re done! Hopefully you found this guide to be helpful, but we understand if you’re still confused. Shoot us any questions you have in the chat window to your right, we’re happy to assist!

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