Where and How to Earn Merlin Chain (MERL)

Introduction to the world of cryptocurrency can be both exciting and daunting

Lending Merlin Chain can be an excellent choice for those looking to hold MERL 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. 1. Acquire Merlin Chain (MERL) Tokens

   To lend Merlin Chain, you must first possess it. To acquire Merlin Chain, you'll need to purchase it. You can select from these well-known exchanges.

   Platform	Coin	Price
   PrimeXBT	Merlin Chain (MERL)	0,26
   BTSE	Merlin Chain (MERL)	0,26
   Kraken	Merlin Chain (MERL)	0,26
   OKX	Merlin Chain (MERL)	0,11
   BingX	Merlin Chain (MERL)	0,26
   Bitget	Merlin Chain (MERL)	0,26

   See all 32 prices

2. 2. Select a Merlin Chain Lender

   Once you have MERL, you'll need to select a Merlin Chain lending platform to lend your tokens. You can explore some options here.

   Platform	Coin	Interest rate
   Bitget	Merlin Chain (MERL)	Up to 0,8% APY
   Kucoin	Merlin Chain (MERL)	Up to 0,5% APY

3. 3. Earn Merlin Chain with competitive rates that allow you to maximize your investments

   Once you've selected a platform to earn your Merlin Chain, transfer your Merlin Chain 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. 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.