Introduction
Lending ApeCoin can be a great option for those who want to hold APE 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. Obtain ApeCoin (APE) Tokens
To lend ApeCoin, you need to have it. To acquire ApeCoin, you’ll need to buy it. You can choose from these popular exchanges.
See all 35 pricesPlatform Coin Price Nexo ApeCoin (APE) 0.44 Uphold ApeCoin (APE) 0.45 M2 ApeCoin (APE) 0.44 Bitget ApeCoin (APE) 0.44 Blockchain.com ApeCoin (APE) 9.38 Bitmart ApeCoin (APE) 0.44 2. Choose a ApeCoin Lender
Once you have APE, you’ll need to choose a ApeCoin lending platform to lend your tokens. You can see some options here.
See all 6 lending ratesPlatform Coin Interest rate Nexo ApeCoin (APE) Up to 9 AER Bitget ApeCoin (APE) Up to 12 AER Blockchain.com ApeCoin (APE) Up to 1 AER Gemini ApeCoin (APE) Up to 0.01 AER 3. Lend Your ApeCoin
Once you’ve chosen a platform to lend your ApeCoin, transfer your ApeCoin into your wallet on the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
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 ensure your lending platform pays compound interest to maximise your returns.
What to be Aware of
Lending your crypto can be risky. Ensure 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.
Latest Movements
ApeCoin (APE) is currently priced at US$9 with a 24-hour trading volume of US$200.09M. The market cap of ApeCoin stands at US$798.44M, with 721.45M APE in circulation. For those looking to purchase or trade ApeCoin, Nexo offers avenues to do so securely and efficiently}
- Market capitalisation
- US$798.44M
- 24-hour volume
- US$200.09M
- Circulating supply
- 721.45M APE