How to Lend Monero (XMR) in the cryptocurrency market

Introduction

Lending Monero can be an excellent choice for individuals looking to hold XMR 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 Monero (XMR) Tokens

   To lend Monero, you must first possess it. To acquire Monero, 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	Monero (XMR)	118.7 APY
   BTSE	Monero (XMR)	441.6 APY
   Kraken	Monero (XMR)	440.36 APY
   Azbit	Monero (XMR)	439.25 APY
   BingX	Monero (XMR)	161.9 APY
   Bitfinex	Monero (XMR)	439.23 APY

   View all 27 prices

2. 2. Select a Monero lending platform

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

   Platform	Coin	APY
   Kucoin	Monero (XMR)	Up to 0.29% APY

3. 3. Lend Your Monero for attractive APY returns

   After selecting a platform to lend your Monero, transfer your Monero 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