Where and How to Earn Venom (VENOM)

Introduction

Lending Venom can be a great option for those who want to hold VENOM but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Acquire Venom (VENOM) Tokens

   To lend Venom, you need to possess it. To acquire Venom, you’ll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Price
   OKX	Venom (VENOM)	0.07
   BingX	Venom (VENOM)	0.16
   Bitpanda	Venom (VENOM)	0.07
   CoinEx	Venom (VENOM)	0.21
   Gate.io	Venom (VENOM)	0.21
   Kucoin	Venom (VENOM)	0.21

   See all 13 prices

2. 2. Choose a Venom Lender

   Once you have VENOM, you'll need to choose a Venom lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Kucoin	Venom (VENOM)	Up to 0.5% AER

3. 3. Earn Venom

   Once you've selected a platform to earn your Venom, transfer your Venom into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back whilst your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your earning platform pays compounding interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don't lend more than you're willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.