Introduction to the world of cryptocurrency can be both exciting and daunting
Lending eCash can be an excellent choice for those looking to hold XEC 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 eCash (XEC) Tokens
To lend eCash, you must first possess it. To acquire eCash, you'll need to purchase it. You can select from these well-known exchanges.
See all 24 pricesPlatform Coin Price Binance eCash (XEC) 0,00001147 BingX eCash (XEC) 0,00001145 Bitmart eCash (XEC) 0,00002046 Bitpanda eCash (XEC) 0,00004911 CoinEx eCash (XEC) 0,00001144 FMFW.io eCash (XEC) 0,00001055 2. Select a eCash Lender
Once you have XEC, you'll need to select a eCash lending platform to lend your tokens. You can explore some options here.
Platform Coin Interest rate Kucoin eCash (XEC) Up to 0,5% APY 3. Earn eCash with competitive rates that allow you to maximize your investments
Once you've selected a platform to earn your eCash, transfer your eCash 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
eCash (XEC) is currently priced at US$0.5 with a 24-hour trading volume of US$36.02M. The market cap of eCash stands at US$703.14M, with 19,81T XEC in circulation. For those looking to buy or trade eCash, Kucoin offers avenues to do so securely and efficiently
- Market cap
- US$703.14M
- 24h volume
- US$36.02M
- Circulating supply
- 19,81T XEC
