How to Lend Binance-Peg IoTeX (IOTX): A Step-by-Step Guide for the UK

Introduction

Lending Binance-Peg IoTeX can be an excellent option for those who wish to hold IOTX 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 Binance-Peg IoTeX (IOTX) Tokens
To lend Binance-Peg IoTeX, you need to possess it. To obtain Binance-Peg IoTeX, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
Azbit Binance-Peg IoTeX (IOTX) 0.01
FMFW.io Binance-Peg IoTeX (IOTX) 0.01
Kucoin Binance-Peg IoTeX (IOTX) 0.01
View all 4 prices
2. Choose a Binance-Peg IoTeX Lender in the UK
Once you have IOTX, you'll need to choose a Binance-Peg IoTeX lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Kucoin Binance-Peg IoTeX (IOTX) Up to 100% AER
3. Lend Your Binance-Peg IoTeX
Once you've chosen a platform to lend your Binance-Peg IoTeX, transfer your Binance-Peg IoTeX into your wallet on the lending platform. Once it's deposited, it will start earning 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 interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compounding interest to maximise your returns.

Platform	Coin	Price
Azbit	Binance-Peg IoTeX (IOTX)	0.01
FMFW.io	Binance-Peg IoTeX (IOTX)	0.01
Kucoin	Binance-Peg IoTeX (IOTX)	0.01

Platform	Coin	AER
Kucoin	Binance-Peg IoTeX (IOTX)	Up to 100% AER

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.