Where and How to Lend Merit Circle (MC)

Introduction

Lending Merit Circle can be a great option for those who want to hold MC 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. Obtain Merit Circle (MC) Tokens

   To lend Merit Circle, you need to have it. To acquire Merit Circle, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Kraken	Merit Circle (MC)	0.08
   Bitget	Merit Circle (MC)	0.11
   Gate.io	Merit Circle (MC)	0.45
   Bitpanda	Merit Circle (MC)	0.48

   See all 6 prices

2. 2. Choose a Merit Circle Lender

   Once you have MC, you’ll need to choose a Merit Circle lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Bitget	Merit Circle (MC)	Up to 1 AER

3. 3. Lend Your Merit Circle

   Once you’ve chosen a platform to lend your Merit Circle, transfer your Merit Circle 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. 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.