Introduction
Lending ApeCoin can be a great option for those who want to hold APE while earning yield. The steps may seem a bit daunting, especially the first time you do them. That's why we've put this guide together for you.
Step-by-Step Guide
1. Obtain ApeCoin (APE) tokens
To lend ApeCoin, you need to possess it. To acquire ApeCoin, you'll need to buy it. You can select from these popular exchanges.
See all 36 pricesPlatform Coin Cost Nexo ApeCoin (APE) 0.21 PrimeXBT ApeCoin (APE) 0.21 Uphold ApeCoin (APE) 0.7 Bake ApeCoin (APE) 0.21 BingX ApeCoin (APE) 0.21 Bitfinex ApeCoin (APE) 0.21 2. Choose a ApeCoin lender
Once you have APE, you'll need to choose a ApeCoin lending platform to lend your tokens. You can find some options here.
See all 6 lending ratesPlatform Coin Interest rate Nexo ApeCoin (APE) Up to 9% p.a. Bitget ApeCoin (APE) Up to 12% p.a. Blockchain.com ApeCoin (APE) Up to 1% p.a. Gemini ApeCoin (APE) Up to 0.01% p.a. 3. Earn ApeCoin
Once you've chosen a platform to earn your ApeCoin, transfer your ApeCoin into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so weekly or monthly.
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. Ensure your earning platform pays compounding interest to maximise your returns.
What to Be Aware Of
Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don't lend more than you're prepared to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
ApeCoin (APE) is currently priced at USD 9 with a 24-hour trading volume of USD 200.09M. The market cap of ApeCoin stands at USD 798.44M, with 721.45M APE in circulation. For those looking to buy or trade ApeCoin, Nexo offers avenues to do so securely and efficiently
- Market capitalisation
- USD 798.44M
- 24-hour volume
- USD 200.09M
- Circulating supply
- 721.45M APE
