How to Lend Scorum Coin (SCR) in the cryptocurrency market

Introduction

Lending Scorum Coin can be an excellent choice for individuals looking to hold SCR 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 Scorum Coin (SCR) Tokens

   To lend Scorum Coin, you must first possess it. To acquire Scorum 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
   BTSE	Scorum Coin (SCR)	0.08 APY
   Kucoin	Scorum Coin (SCR)	0.08 APY

   View all 4 prices

2. 2. Select a Scorum Coin lending platform

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

   Platform	Coin	APY
   Kucoin	Scorum Coin (SCR)	Up to 1.31% APY

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

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