Introduction
Lending Monsterra can be an excellent option for those who wish to hold MSTR 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 Monsterra (MSTR) Tokens
To lend Monsterra, you need to possess it. To obtain Monsterra, you'll need to purchase it. You can choose from these popular exchanges in the UK.
View all 4 pricesPlatform Coin Price Bitget Monsterra (MSTR) 0 MEXC Global Monsterra (MSTR) 0 2. Choose a Monsterra Lender in the UK
Once you have MSTR, you'll need to choose a Monsterra lending platform to lend your tokens. You can see some options here.
Platform Coin AER Bitget Monsterra (MSTR) Up to 1% AER 3. Earn Monsterra
Once you've selected a platform to earn your Monsterra, transfer your Monsterra 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
Monsterra (MSTR) is currently priced at US$1 with a 24-hour trading volume of US$46,088. The market cap of Monsterra stands at US$57,993, with 12.55M MSTR in circulation. For those looking to buy or trade Monsterra, Bitget offers avenues to do so securely and efficiently
- Market capitalisation
- US$57,993
- 24-hour volume
- US$46,088
- Circulating supply
- 12.55M MSTR
