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Lending BitcoinX can be an excellent choice for those looking to hold bcx while generating yield. The process might seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.
To lend BitcoinX, you first need to possess it. To acquire BitcoinX, you'll have to buy it. You can select from these popular exchanges available in Spain.
| Plataforma | Cripto | Price |
|---|---|---|
| Azbit | BitcoinX (bcx) | 0 APY |
| Bitmart | BitcoinX (bcx) | 0,11 APY |
| Gate.io | BitcoinX (bcx) | 0,00008836 APY |
| MEXC Global | BitcoinX (bcx) | 0,00001879 APY |
Once you have bcx, you'll need to select a BitcoinX lending platform to lend your tokens. You can explore some options here.
Once you've selected a platform to earn your BitcoinX, transfer your BitcoinX into your wallet on the earning platform. Once it's deposited, it will begin to accrue APY. Some platforms pay interest daily, while others do so weekly or monthly.
Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more APY you can earn. Try to make sure your earning platform pays compounding APY to maximise your returns.
Lending your crypto can be risky