How to Lend WAX (WAXP)

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. 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)	0,02 APY
   OKX	WAX (WAXP)	0,02 APY
   BingX	WAX (WAXP)	0,02 APY
   Bitget	WAX (WAXP)	0,02 APY
   Bitmart	WAX (WAXP)	0,02 APY
   Bitpanda	WAX (WAXP)	0,05 APY

   View all 29 prices

2. 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. 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. 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.