Introduction

Lending Status can be an excellent choice for those looking to hold SNT 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 Status (SNT) Tokens

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

   Plattform	Kryptowährung	Price
   Binance	Status (SNT)	0,03 APY
   OKX	Status (SNT)	0,02 APY
   BingX	Status (SNT)	0,04 APY
   Bitget	Status (SNT)	0,01 APY
   Bitmart	Status (SNT)	0,03 APY
   Bitpanda	Status (SNT)	0,04 APY

   View all 23 prices

2. 2. Select a Status provider

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

3. 3. Lend Your Status in Germany

   Once you've selected a platform to lend your Status, transfer your Status 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.