Introduction
Lending Telcoin can be an excellent option for those who wish to hold TEL 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 Telcoin (TEL) Tokens
To lend Telcoin, you need to possess it. To obtain Telcoin, you'll need to purchase it. You can choose from these popular exchanges in the UK.
2. Choose a Telcoin Lender in the UK
Once you have TEL, you'll need to choose a Telcoin lending platform to lend your tokens. You can see some options here.
Platform Coin AER Kucoin Telcoin (TEL) Up to 0.19% AER 3. Lend Your Telcoin
Once you've chosen a platform to lend your Telcoin, transfer your Telcoin 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.
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.
Latest Movements in the UK
Telcoin (TEL) is currently priced at US$0.19 with a 24-hour trading volume of US$3.28M. The market cap of Telcoin stands at US$411.4M, with 77.81B TEL in circulation. For those looking to buy or trade Telcoin, Kucoin offers avenues to do so securely and efficiently
- Market capitalisation
- US$411.4M
- 24-hour volume
- US$3.28M
- Circulating supply
- 77.81B TEL
TEL
ADA
BCH
BNB
BTC
DOGE
ETH
FIGR_HELOC
LINK
SOL
STETH
TRX
USDC
