How to Lend Merlin Chain (MERL): A Step-by-Step Guide for the UK

Introduction

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.

Step-by-Step Guide

1. Obtain Merlin Chain (MERL) Tokens
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) 0.43
BTSE Merlin Chain (MERL) 0.43
Kraken Merlin Chain (MERL) 0.43
OKX Merlin Chain (MERL) 0.11
BingX Merlin Chain (MERL) 0.43
Bitget Merlin Chain (MERL) 0.43
View all 32 prices
2. Choose a Merlin Chain Lender in the UK
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
3. Lend Your Merlin Chain
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.
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
PrimeXBT	Merlin Chain (MERL)	0.43
BTSE	Merlin Chain (MERL)	0.43
Kraken	Merlin Chain (MERL)	0.43
OKX	Merlin Chain (MERL)	0.11
BingX	Merlin Chain (MERL)	0.43
Bitget	Merlin Chain (MERL)	0.43

Platform	Coin	AER
Bitget	Merlin Chain (MERL)	Up to 0.8% AER
Kucoin	Merlin Chain (MERL)	Up to 0.5% 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.