How to Lend WAX (WAXP): A Step-by-Step Guide for German Investors

Introduction

Lending WAX can be an excellent choice for those looking to hold WAXP 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. Acquire WAX (WAXP) Tokens
To lend WAX, you first need to possess it. To acquire WAX, you'll have to buy it. You can select from these well-known exchanges.
Plattform Kryptowährung Price
Binance WAX (WAXP) 0,01 APY
OKX WAX (WAXP) 0,02 APY
BingX WAX (WAXP) 0,01 APY
Bitget WAX (WAXP) 0,01 APY
Bitmart WAX (WAXP) 0,02 APY
Bitpanda WAX (WAXP) 0,05 APY
View all 29 prices
2. Select a WAX provider
Once you have WAXP, you'll need to select a WAX lending platform to lend your tokens. You can explore some options here.
Plattform Kryptowährung APY
Kucoin WAX (WAXP) Up to 0,5 % APY
3. Lend Your WAX in Germany
Once you've selected a platform to lend your WAX, transfer your WAX 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. 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.

Plattform	Kryptowährung	Price
Binance	WAX (WAXP)	0,01 APY
OKX	WAX (WAXP)	0,02 APY
BingX	WAX (WAXP)	0,01 APY
Bitget	WAX (WAXP)	0,01 APY
Bitmart	WAX (WAXP)	0,02 APY
Bitpanda	WAX (WAXP)	0,05 APY

Plattform	Kryptowährung	APY
Kucoin	WAX (WAXP)	Up to 0,5 % APY

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.