Introduction
Lending Ravencoin can be a great option for those who want to hold RVN 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 Ravencoin (RVN) tokens
To lend Ravencoin, you need to possess it. To acquire Ravencoin, you'll need to buy it. You can select from these popular exchanges.
See all 35 pricesPlatform Coin Cost Binance Ravencoin (RVN) 0.01 OKX Ravencoin (RVN) 0.01 Uphold Ravencoin (RVN) 0.01 BingX Ravencoin (RVN) 0.01 Bitget Ravencoin (RVN) 0.01 Bitmart Ravencoin (RVN) 0.01 2. Choose a Ravencoin lender
Once you have RVN, you'll need to choose a Ravencoin lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate Kucoin Ravencoin (RVN) Up to 0.5% p.a. 3. Earn Ravencoin
Once you've chosen a platform to earn your Ravencoin, transfer your Ravencoin 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
Ravencoin (RVN) is currently priced at USD 0.5 with a 24-hour trading volume of USD 10.91M. The market cap of Ravencoin stands at USD 286.6M, with 14.7B RVN in circulation. For those looking to buy or trade Ravencoin, Kucoin offers avenues to do so securely and efficiently
- Market capitalisation
- USD 286.6M
- 24-hour volume
- USD 10.91M
- Circulating supply
- 14.7B RVN