Introduction
Lending Conflux can be an excellent option for those who wish to hold CFX while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.
Step-by-Step Guide
1. Obtain Conflux (CFX) Tokens
To lend Conflux, you need to possess it. To obtain Conflux, you'll need to purchase it. You can choose from these popular exchanges in the UK.
View all 37 pricesPlatform Coin Price PrimeXBT Conflux (CFX) 0.07 Binance Conflux (CFX) 0.07 OKX Conflux (CFX) 0.09 BingX Conflux (CFX) 0.07 Bitget Conflux (CFX) 0.07 Bitmart Conflux (CFX) 0.07 2. Choose a Conflux Lender in the UK
Once you have CFX, you'll need to choose a Conflux lending platform to lend your tokens. You can see some options here.
Platform Coin AER Bitget Conflux (CFX) Up to 1% AER Kucoin Conflux (CFX) Up to 11% AER 3. Earn Conflux
Once you've selected a platform to earn your Conflux, transfer your Conflux into your wallet on the earning platform. Once it's deposited, it will begin to accrue AER. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn AER
Now all you need to do is sit back while your cryptocurrency earns AER. The more you deposit, the more interest you can earn. Ensure that your earning platform pays compounding interest to maximise your returns.
What to Be Aware Of
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Do not lend more than you are prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Movements in the UK
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- Market capitalisation
- US$707.66M
- 24-hour volume
- US$70.03M
- Circulating supply
- 4.82B CFX
