Introduction
Lending eCash can be a great option for those who want to hold XEC but earn yield. The steps can be a little 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 eCash (XEC) Tokens
To be able to lend eCash, you need to have it. To get eCash, you’ll have to buy it. You can pick from these popular exchanges.
See all 12 pricesPlatform Coin Price Binance eCash (XEC) 0.00003706 BingX eCash (XEC) 0.00003706 MEXC Global eCash (XEC) 0.00003701 Kucoin eCash (XEC) 0.00003694 Gate.io eCash (XEC) 0.00003707 CoinEx eCash (XEC) 0.00003691 2. Choose a eCash Lender
Once you have XEC, you’ll need to choose a eCash lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin eCash (XEC) Up to 0.5 APY 3. Lend Your eCash
Once you’ve chosen a platform to lend your eCash, transfer your eCash into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are 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 lending 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
eCash (XEC) is currently priced at USD 0.5 with a 24-hour trading volume of USD 36.02M. The market cap of eCash stands at USD 703.14M, with USD 19.81T XEC in circulation. For those looking to buy or trade eCash, Kucoin offers avenues to do so securely and efficiently
- Market cap
- USD 703.14M
- 24h volume
- USD 36.02M
- Circulating supply
- USD 19.81T