How to Lend Conflux (CFX) in the cryptocurrency market

Introduction

Lending Conflux can be an excellent choice for individuals looking to hold CFX 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. 1. Acquire Conflux (CFX) Tokens

   To lend Conflux, you must first possess it. To acquire Conflux, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.

   Platform	Coin	Price
   PrimeXBT	Conflux (CFX)	0.07 APY
   Binance	Conflux (CFX)	0.07 APY
   OKX	Conflux (CFX)	0.09 APY
   BingX	Conflux (CFX)	0.07 APY
   Bitget	Conflux (CFX)	0.07 APY
   Bitmart	Conflux (CFX)	0.07 APY

   View all 37 prices

2. 2. Select a Conflux lending platform

   Once you have CFX, you'll need to select a Conflux lending platform to lend your tokens. You can explore several options available in the market here.

   Platform	Coin	APY
   Bitget	Conflux (CFX)	Up to 1% APY
   Kucoin	Conflux (CFX)	Up to 11% APY

3. 3. Lend Your Conflux for attractive APY returns

   After selecting a platform to lend your Conflux, transfer your Conflux into your wallet on the lending platform. Once the deposit is completed, it will begin to accrue APY. Some platforms offer daily interest payouts, while others may provide interest on a weekly or monthly basis.

4. 4. Earn APY on Your Assets

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding APY to maximize your earnings.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks