How to Lend Pax Dollar (USDP) in the UK

Introduction

Lending Pax Dollar can be an excellent option for those who wish to hold USDP 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. 1. Obtain Pax Dollar (USDP) Tokens

   To lend Pax Dollar, you need to possess it. To obtain Pax Dollar, you'll need to purchase it. You can choose from these popular exchanges in the UK.

   Platform	Coin	Price
   YouHodler	Pax Dollar (USDP)	1
   Binance	Pax Dollar (USDP)	1
   Azbit	Pax Dollar (USDP)	1
   BingX	Pax Dollar (USDP)	1

   View all 22 prices

2. 2. Choose a Pax Dollar Lender in the UK

   Once you have USDP, you'll need to choose a Pax Dollar lending platform to lend your tokens. You can see some options here.

   Platform	Coin	AER
   Nexo	Pax Dollar (USDP)	Up to 14% AER
   YouHodler	Pax Dollar (USDP)	Up to 500% AER
   Neverless	Pax Dollar (USDP)	Up to 14% AER
   BTSE	Pax Dollar (USDP)	Up to 5.5% AER

   View all 6 loan rates

3. 3. Lend Your Pax Dollar

   Once you've chosen a platform to lend your Pax Dollar, transfer your Pax Dollar 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. 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.

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.