How to Lend Enjin Coin (ENJ) in the cryptocurrency market

Introduction

Lending Enjin Coin can be an excellent choice for individuals looking to hold ENJ 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 Enjin Coin (ENJ) Tokens

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

   Platform	Coin	Price
   Binance	Enjin Coin (ENJ)	0.03 APY
   BTSE	Enjin Coin (ENJ)	0.03 APY
   Coinbase	Enjin Coin (ENJ)	0.29 APY
   Kraken	Enjin Coin (ENJ)	0.03 APY
   OKX	Enjin Coin (ENJ)	0.1 APY
   Bake	Enjin Coin (ENJ)	0.03 APY

   View all 50 prices

2. 2. Select a Enjin Coin lending platform

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

   Platform	Coin	APY
   Kucoin	Enjin Coin (ENJ)	Up to 4% APY

3. 3. Lend Your Enjin Coin for attractive APY returns

   After selecting a platform to lend your Enjin Coin, transfer your Enjin Coin 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