Introduction
Lending The Root Network can be an excellent option for those who wish to hold ROOT 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 The Root Network (ROOT) Tokens
To lend The Root Network, you need to possess it. To obtain The Root Network, you'll need to purchase it. You can choose from these popular exchanges in the UK.
View all 15 pricesPlatform Coin Price Uphold The Root Network (ROOT) 0.01 Bitget The Root Network (ROOT) 0 Bitmart The Root Network (ROOT) 0.00025 CoinEx The Root Network (ROOT) 0.0002274 Gate.io The Root Network (ROOT) 0.0002501 Hotcoin The Root Network (ROOT) 0.03 2. Choose a The Root Network Lender in the UK
Once you have ROOT, you'll need to choose a The Root Network lending platform to lend your tokens. You can see some options here.
Platform Coin AER Kucoin The Root Network (ROOT) Up to 100% AER 3. Earn The Root Network
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 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$37.18M
- 24-hour volume
- US$6.65M
- Circulating supply
- 1.45B ROOT
