Introduction
Lending TRON can be a great option for those who want to hold TRX but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-Step Guide
1. Obtain TRON (TRX) Tokens
To lend TRON, you need to have it. To acquire TRON, you’ll need to buy it. You can choose from these popular exchanges.
See all 28 pricesPlatform Coin Price Nexo TRON (TRX) 0.24 PrimeXBT TRON (TRX) 0.24 M2 TRON (TRX) 0.24 Uphold TRON (TRX) 0.24 EarnPark TRON (TRX) 0.24 OKX TRON (TRX) 0.24 2. Choose a TRON Lender
Once you have TRX, you’ll need to choose a TRON lending platform to lend your tokens. You can see some options here.
See all 8 lending ratesPlatform Coin Interest rate Nexo TRON (TRX) Up to 11 AER YouHodler TRON (TRX) Up to 12 AER EarnPark TRON (TRX) Up to 9 AER Bitget TRON (TRX) Up to 2.5 AER MEXC Global TRON (TRX) Up to 4 AER Blockchain.com TRON (TRX) Up to 8 AER 3. Lend Your TRON
Once you’ve chosen a platform to lend your TRON, transfer your TRON into your wallet on the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back whilst your crypto earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compound interest to maximise your returns.
What to be Aware of
Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
TRON (TRX) is currently priced at 0 with a 24-hour trading volume of US$1.17B. The market cap of TRON stands at US$20.77B, with US$86.18B TRX in circulation. For those looking to purchase or trade TRON, Nexo offers avenues to do so securely and efficiently}
- Market capitalisation
- US$20.77B
- 24-hour volume
- US$1.17B
- Circulating supply
- US$86.18B
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