Introduction to the world of cryptocurrency can be both exciting and daunting
Lending Cosmos Hub can be an excellent choice for those looking to hold ATOM while earning yield. The process may seem a bit intimidating, particularly for first-timers. That's why we've created this guide to help you navigate through it.
Step-by-Step Guide 1
1. Acquire Cosmos Hub (ATOM) Tokens
To lend Cosmos Hub, you must first possess it. To acquire Cosmos Hub, you'll need to purchase it. You can select from these well-known exchanges.
See all 69 pricesPlatform Coin Price Nexo Cosmos Hub (ATOM) 2,57 PrimeXBT Cosmos Hub (ATOM) 2,57 YouHodler Cosmos Hub (ATOM) 2,56 Binance Cosmos Hub (ATOM) 2,57 BTSE Cosmos Hub (ATOM) 2,57 Coinbase Cosmos Hub (ATOM) 2,56 2. Select a Cosmos Hub Lender
Once you have ATOM, you'll need to select a Cosmos Hub lending platform to lend your tokens. You can explore some options here.
See all 11 lending ratesPlatform Coin Interest rate Nexo Cosmos Hub (ATOM) Up to 11% APY YouHodler Cosmos Hub (ATOM) Up to 16% APY Bitget Cosmos Hub (ATOM) Up to 9% APY Coinbase Cosmos Hub (ATOM) Up to 14,04% APY 3. Earn Cosmos Hub with competitive rates that allow you to maximize your investments
Once you've selected a platform to earn your Cosmos Hub, transfer your Cosmos Hub into your wallet on the earning platform. Once it's deposited, it will begin to accrue interest. Some platforms offer interest payments 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. Ensure that your earning platform offers compounding APY to maximise your returns.
What to be Aware of
Lending your cryptocurrency can involve risks. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Movements
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- Market cap
- US$2.52B
- 24h volume
- US$184.61M
- Circulating supply
- 390,69M ATOM
