Where and How to Lend PAX Gold (PAXG)

Introduction

Lending PAX Gold can be a great option for those who want to hold PAXG 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. 1. Acquire PAX Gold (PAXG) Tokens

   To be able to lend PAX Gold, you need to have it. To get PAX Gold, you’ll have to buy it. You can pick from these popular exchanges.

   Platform	Coin	Price
   Nexo	PAX Gold (PAXG)	3,162
   Uphold	PAX Gold (PAXG)	3,187.57
   YouHodler	PAX Gold (PAXG)	3,159.68
   Kraken	PAX Gold (PAXG)	3,145.29
   Binance	PAX Gold (PAXG)	3,141
   MEXC Global	PAX Gold (PAXG)	3,149.67

   See all 42 prices

2. 2. Choose a PAX Gold Lender

   Once you have PAXG, you’ll need to choose a PAX Gold lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Nexo	PAX Gold (PAXG)	Up to 7 APY
   YouHodler	PAX Gold (PAXG)	Up to 12 APY
   Kucoin	PAX Gold (PAXG)	Up to 0.28 APY

   See all 7 borrowing rates

3. 3. Lend Your PAX Gold

   Once you’ve chosen a platform to lend your PAX Gold, transfer your PAX Gold 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. 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.