Introduction
Lending Ethereum Classic can be an excellent choice for individuals looking to hold ETC 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.
Step-by-Step Guide
1. Acquire Ethereum Classic (ETC) Tokens
To lend Ethereum Classic, you must first possess it. To acquire Ethereum Classic, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.
View all 54 pricesPlatform Coin Price Nexo Ethereum Classic (ETC) 11.87 APY PrimeXBT Ethereum Classic (ETC) 11.86 APY Binance Ethereum Classic (ETC) 11.87 APY Coinbase Ethereum Classic (ETC) 11.86 APY Kraken Ethereum Classic (ETC) 11.87 APY OKX Ethereum Classic (ETC) 20.9 APY 2. Select a Ethereum Classic lending platform
Once you have ETC, you'll need to select a Ethereum Classic lending platform to lend your tokens. You can explore several options available in the market here.
View all 4 loan interest ratesPlatform Coin APY Blockchain.com Ethereum Classic (ETC) Up to 1% APY Kucoin Ethereum Classic (ETC) Up to 0.19% APY 3. Earn Ethereum Classic
Once you've selected a platform to earn your Ethereum Classic, transfer your Ethereum Classic 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.
4. Earn APY on Your Assets
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.
What to Consider in the Chinese Market
Lending your cryptocurrency can involve significant risks
Recent Developments
missing en-cn translation: common.latest-movements-copy
- Market capitalization
- $3.78B
- missing en-cn translation: common.volume-24h
- $154.64M
- Circulating supply in the market
- 150.29M ETC
