Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

How to buy and sell ETHLend

Your comprehensive guide to ETHLend and the LEND token.

ETHLend is a decentralized, peer-to-peer lending service based on the Ethereum platform. Through the use of smart contracts, it aims to provide secure and transparent lending where borrowers can use cryptocurrency assets as collateral for loans.

The ETHLend token (LEND) is the native token of the borrowing platform and has a range of uses. Read on to find out how LEND works and how you can buy and sell LEND in the US.

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

A step-by-step guide to buying LEND

Want to buy LEND tokens? Follow these simple steps:

Step 1. Create an account on a cryptocurrency exchange where you can trade LEND

LEND is available in currency pairings with bitcoin (BTC) and Ethereum (ETH). To create an account, you’ll need to provide your name and email address and create a password. Depending on the exchange you choose, you may need to provide additional information, like proof of ID, to verify your account. It’s also recommended that you set up two-factor authentication for increased account security.

Step 2. Deposit funds into your account

Many cryptocurrency exchanges only permit trading between cryptocurrencies, which means you often can’t directly deposit fiat currency like USD. This means you’ll usually need to own or buy BTC or ETH before you can purchase any LEND.

The steps you need to follow to deposit funds will depend on the exchange you’re using.

Step 3. Buying LEND

Now you can exchange BTC or ETH for LEND. While the process varies slightly from one exchange to the next, you’ll generally have to search for your chosen trading pair (such as LEND/BTC) and enter the number of LEND. It’s then a simple matter of entering the number of LEND you want to buy, choosing a market or limit order and clicking “Buy LEND”.

How to sell LEND

The process for selling LEND is more or less the same as the process outlined above, with the simple difference that you’re looking to sell instead of buy. It’s also worth pointing out that cryptocurrency exchanges only offer certain pairings, so it may not be possible to immediately exchange your LEND for your desired fiat currency or cryptocurrency.

Which wallets can I use to hold LEND?

LEND is an ERC20 token and can be stored in any Ethereum-compatible wallet that supports these tokens. Examples include:

How ETHLend works

With a goal to democratize global lending markets, ETHLend held its initial coin offering (ICO) in November 2017, raising $16.2 million. ETHLend is a peer-to-peer lending platform connecting borrowers and lenders from around the world.

ETHLend runs on the Ethereum platform and allows users to borrow ETH by using ERC20 LEND tokens as collateral. ETHLend also makes it possible for users to use Ethereum Domain Names (EDN) as collateral instead of digital tokens.

Borrowers can use ETHLend to:

  • Access the ETH they need to participate in ICOs
  • Engage in margin trading by increasing their leverage
  • Fund an ICO

When a borrower submits a loan request, this creates a smart contract on the Ethereum blockchain. The borrower then enters data into the smart contract, including the loan amount, term and interest rate, as well as the number and digital address of the tokens to be used as collateral.

Once all the details are finalized, the tokens to be used as security are transferred to the smart contract. Lenders can then browse the available loan requests on the ETHLend website and choose the borrower that best meets their lending criteria.

If the borrower defaults on the loan, the tokens used as collateral are transferred to the lender.

What to consider when buying LEND

Before you buy LEND or any other cryptocurrency, it’s important to be aware that trading cryptocurrencies is complex and speculative. You should fully understand all the risks involved before you buy.

If you’re considering buying LEND, make sure you consider the following factors first:

  • LEND token use. LEND token holders receive a 25% reduction in fees on the ETHLend platform. The tokens also provide users with access to certain features like featured loan listings.
  • Rewards for active lenders and borrowers. ETHLend will use 20% of the fees the platform generates to purchase LEND tokens on the market and airdrop them to lenders and borrowers.
  • Rewards for introducers. ETHLend will also purchase LEND tokens to distribute to users who introduce new customers to the platform.
  • Demand for tokens. The value of LEND tokens will, therefore, be greatly influenced by the level of success the ETHLend platform achieves. The more users and lending volume it attracts, the more valuable the tokens may become.
  • Market competition. ETHLend isn’t the only company offering lending and other banking services based on the blockchain, so you’ll need to consider the competition it will face from companies such as SALT and WeTrust.
  • Future developments. You’ll need to consider ETHLend’s future plans to get a better idea of whether LEND tokens might rise or fall in value in the months and years ahead. You can find this information in the Roadmap section of the ETHLend website.


Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site