Earn up to
0.8% AER
An in-depth guide on how to lend Merlin Chain (MERL) in the UK
We have extensive data on lending Merlin Chain (MERL) and we are pleased to share some of this with you.
We present you with various lending options featuring other cryptocurrencies that may pique your interest.
Merlin Chain (MERL) is currently priced at US$0.8 with a 24-hour trading volume of US$11.1M. The market cap of Merlin Chain stands at US$110.34M, with 487.48M MERL in circulation. For those looking to buy or trade Merlin Chain, Bitget offers avenues to do so securely and efficiently}
Lending Merlin Chain can be an excellent option for those who wish to hold MERL 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.
To lend Merlin Chain, you need to possess it. To obtain Merlin Chain, you'll need to purchase it. You can choose from these popular exchanges in the UK.
| Platform | Coin | Price |
|---|---|---|
| PrimeXBT | Merlin Chain (MERL) | 0.26 |
| BTSE | Merlin Chain (MERL) | 0.26 |
| Kraken | Merlin Chain (MERL) | 0.26 |
| OKX | Merlin Chain (MERL) | 0.11 |
| BingX | Merlin Chain (MERL) | 0.26 |
| Bitget | Merlin Chain (MERL) | 0.26 |
Once you have MERL, you'll need to choose a Merlin Chain lending platform to lend your tokens. You can see some options here.
| Platform | Coin | AER |
|---|---|---|
| Bitget | Merlin Chain (MERL) | Up to 0.8% AER |
| Kucoin | Merlin Chain (MERL) | Up to 0.5% AER |
Once you've chosen a platform to lend your Merlin Chain, transfer your Merlin Chain 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.
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.
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.
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