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Lending BitcoinX can be an excellent choice for individuals looking to hold bcx while earning an attractive APY. The process may seem a bit overwhelming, particularly for first-time users. To simplify this experience, we have created this comprehensive guide tailored for you.
To lend BitcoinX, you must first possess it. To acquire BitcoinX, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.
| Platform | Coin | Price |
|---|---|---|
| Azbit | BitcoinX (bcx) | 0 APY |
| Bitmart | BitcoinX (bcx) | 0.11 APY |
| Gate.io | BitcoinX (bcx) | 0.00008836 APY |
| MEXC Global | BitcoinX (bcx) | 0.00001879 APY |
Once you have bcx, you'll need to select a BitcoinX lending platform to lend your tokens. You can explore several options available in the market here.
Once you've selected a platform to earn your BitcoinX, transfer your BitcoinX into your wallet on the earning platform. After the deposit is completed, it will begin to accrue interest. Some platforms offer interest payments daily, while others may do so weekly or monthly.
Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the greater your potential earnings. Be sure to choose a platform that offers compounding interest to maximize your returns.
Lending your cryptocurrency can involve significant risks