Earn up to
0.8% APY in the UAE.
An in-depth guide on how to earn Merlin Chain (MERL) in the UAE
We have extensive data on earning Merlin Chain (MERL), and we are pleased to share some of this information with you.
We present you with various earning opportunities using different cryptocurrencies that may pique your interest.
Merlin Chain (MERL) is currently priced at $0.8 with a 24-hour trading volume of $11.1M. The market cap of Merlin Chain stands at $110.34M, with 487.48M MERL in circulation. For those looking to buy or trade Merlin Chain, Bitget offers avenues to do so securely and efficiently}
Lending Merlin Chain can be an excellent choice for those looking to hold MERL while generating returns. The process may seem overwhelming, particularly for first-time users. That’s why we’ve created this guide specifically for you.
To lend Merlin Chain, you must first acquire it. To obtain Merlin Chain, you will need to purchase it. You can select from these well-known exchanges available in the UAE.
| Platform | Cryptocurrency | Price |
|---|---|---|
| PrimeXBT | Merlin Chain (MERL) | 0.26 |
| BTSE | Merlin Chain (MERL) | 0.26 |
| Kraken | Merlin Chain (MERL) | 0.26 |
| OKX | Merlin Chain (MERL) | 0.11 |
| BingX | Merlin Chain (MERL) | 0.26 |
| Bitget | Merlin Chain (MERL) | 0.26 |
Once you have MERL, you'll need to select a Merlin Chain lending platform to lend your tokens. You can explore some options available in the UAE market here.
| Platform | Cryptocurrency | APY |
|---|---|---|
| Bitget | Merlin Chain (MERL) | Up to 0.8% APY |
| Kucoin | Merlin Chain (MERL) | Up to 0.5% APY |
Once you've selected a platform to earn your Merlin Chain, transfer your Merlin Chain into your wallet on the earning platform. Once it's deposited, it will begin to accrue APY. Some platforms offer daily interest payments, while others may pay out weekly or monthly.
Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the greater your potential earnings. Ensure that your earning platform offers compounding interest to maximize your returns.
Lending your cryptocurrency can carry certain risks. It’s essential to conduct thorough research before depositing your cryptocurrency. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
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