Introduction
Lending Brazilian Digital can be a great option for those who want to hold BRZ but earn yield. The steps can be 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. Acquire Brazilian Digital (BRZ) Tokens
To lend Brazilian Digital, you'll need to have it. To get Brazilian Digital, you'll need to buy it. You can choose from these popular exchanges.
Platform Coin Price Wirex Brazilian Digital (BRZ) 0.2 2. Choose a Brazilian Digital Lender
Once you have BRZ, you'll need to choose a Brazilian Digital lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Wirex Brazilian Digital (BRZ) Up to 16% APY 3. Earn Brazilian Digital
Once you've chosen a platform for earning your Brazilian Digital, transfer your Brazilian Digital into your wallet on the earning platform. Once it's deposited, it'll start earning interest. Some platforms pay interest daily, while others offer it 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. Try to make sure your earning 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.
Latest Movements
Brazilian Digital (BRZ) is currently priced at USD 16 with a 24-hour trading volume of USD 44,085. For those looking to buy or trade Brazilian Digital, Wirex offers avenues to do so securely and efficiently
- 24h volume
- USD 44,085