Introduction to the world of cryptocurrency can be both exciting and daunting
Lending The Root Network can be an excellent choice for those looking to hold ROOT 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 The Root Network (ROOT) Tokens
To lend The Root Network, you must first possess it. To acquire The Root Network, you'll need to purchase it. You can select from these well-known exchanges.
See all 15 pricesPlatform Coin Price Uphold The Root Network (ROOT) 0,01 Bitget The Root Network (ROOT) 0 Bitmart The Root Network (ROOT) 0,000217 CoinEx The Root Network (ROOT) 0,0002274 Gate.io The Root Network (ROOT) 0,0002379 Hotcoin The Root Network (ROOT) 0,03 2. Select a The Root Network Lender
Once you have ROOT, you'll need to select a The Root Network lending platform to lend your tokens. You can explore some options here.
Platform Coin Interest rate Kucoin The Root Network (ROOT) Up to 100% APY 3. Earn The Root Network with competitive rates that allow you to maximize your investments
Once you've selected a platform to earn your The Root Network, transfer your The Root Network 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
The Root Network (ROOT) is currently priced at US$100 with a 24-hour trading volume of US$6.65M. The market cap of The Root Network stands at US$37.18M, with 1,45B ROOT in circulation. For those looking to buy or trade The Root Network, Kucoin offers avenues to do so securely and efficiently
- Market cap
- US$37.18M
- 24h volume
- US$6.65M
- Circulating supply
- 1,45B ROOT
