How to Earn Merlin Chain (MERL): A Comprehensive Guide for Australians

Introduction

Lending Merlin Chain can be a great option for those who want to hold MERL 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 Merlin Chain (MERL) tokens
To lend Merlin Chain, you need to possess it. To acquire Merlin Chain, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
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
See all 32 prices
2. Choose a Merlin Chain lender
Once you have MERL, you'll need to choose a Merlin Chain lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Bitget Merlin Chain (MERL) Up to 0.8% p.a.
Kucoin Merlin Chain (MERL) Up to 0.5% p.a.
3. Earn Merlin Chain
Once you've chosen a platform to earn your Merlin Chain, transfer your Merlin Chain 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.

Platform	Coin	Cost
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

Platform	Coin	Interest rate
Bitget	Merlin Chain (MERL)	Up to 0.8% p.a.
Kucoin	Merlin Chain (MERL)	Up to 0.5% p.a.

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

Merlin Chain (MERL) is currently priced at USD 0.8 with a 24-hour trading volume of USD 11.1M. The market cap of Merlin Chain stands at USD 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}

Market capitalisation: USD 110.34M
24-hour volume: USD 11.1M
Circulating supply: 487.48M MERL

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