Earn up to
14% AER
An in-depth guide on how to lend Pax Dollar (USDP) in the UK
We have extensive data on lending Pax Dollar (USDP) 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.
Pax Dollar (USDP) is currently priced at US$14 with a 24-hour trading volume of US$8.71M. The market cap of Pax Dollar stands at US$93.73M, with 93.56M USDP in circulation. For those looking to buy or trade Pax Dollar, Nexo offers avenues to do so securely and efficiently
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.
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.
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 20% AER |
| Neverless | Pax Dollar (USDP) | Up to 14% AER |
| BTSE | Pax Dollar (USDP) | Up to 5.5% AER |
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.
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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