How to Lend PAX Gold (PAXG)

Introduction

Lending PAX Gold can be an excellent choice for those looking to hold PAXG while earning APY. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire PAX Gold (PAXG) Tokens

   To lend PAX Gold, you first need to possess it. To acquire PAX Gold, you'll have to buy it. You can select from these well-known exchanges.

   Plattform	Kryptowährung	Price
   Nexo	PAX Gold (PAXG)	3.329,01 APY
   YouHodler	PAX Gold (PAXG)	3.328,96 APY
   Binance	PAX Gold (PAXG)	3.328,96 APY
   Coinbase	PAX Gold (PAXG)	3.340,16 APY
   Kraken	PAX Gold (PAXG)	3.332,5 APY
   Luno	PAX Gold (PAXG)	3.333 APY

   View all 44 prices

2. 2. Select a PAX Gold provider

   Once you have PAXG, you'll need to select a PAX Gold lending platform to lend your tokens. You can explore some options here.

   Plattform	Kryptowährung	APY
   Nexo	PAX Gold (PAXG)	Up to 7 % APY
   YouHodler	PAX Gold (PAXG)	Up to 12 % APY
   Gemini	PAX Gold (PAXG)	Up to 0,01 % APY
   Kucoin	PAX Gold (PAXG)	Up to 0,28 % APY

   View all 7 lending APY rates

3. 3. Lend Your PAX Gold in Germany

   Once you've selected a platform to lend your PAX Gold, transfer your PAX Gold into your wallet on the lending platform. Once it's deposited, it will begin to accrue APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform offers compounding interest to maximize your returns.

What to Consider

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.