How to Lend WAX (WAXP): A Step-by-Step Guide for the UK

Introduction

Lending WAX can be an excellent option for those who wish to hold WAXP 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 WAX (WAXP) Tokens
To lend WAX, you need to possess it. To obtain WAX, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
Binance WAX (WAXP) 0.01
OKX WAX (WAXP) 0.02
BingX WAX (WAXP) 0.01
Bitget WAX (WAXP) 0.01
Bitmart WAX (WAXP) 0.02
Bitpanda WAX (WAXP) 0.05
View all 29 prices
2. Choose a WAX Lender in the UK
Once you have WAXP, you'll need to choose a WAX lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Kucoin WAX (WAXP) Up to 0.5% AER
3. Lend Your WAX
Once you've chosen a platform to lend your WAX, transfer your WAX 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
Binance	WAX (WAXP)	0.01
OKX	WAX (WAXP)	0.02
BingX	WAX (WAXP)	0.01
Bitget	WAX (WAXP)	0.01
Bitmart	WAX (WAXP)	0.02
Bitpanda	WAX (WAXP)	0.05

Platform	Coin	AER
Kucoin	WAX (WAXP)	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.

Latest Movements in the UK

WAX (WAXP) is currently priced at US$0.5 with a 24-hour trading volume of US$34.01M. The market cap of WAX stands at US$159.17M, with 3.5B WAXP in circulation. For those looking to buy or trade WAX, Kucoin offers avenues to do so securely and efficiently

Market capitalisation: US$159.17M
24-hour volume: US$34.01M
Circulating supply: 3.5B WAXP

See the latest information

Frequently Asked Questions About Lending WAX (WAXP) in the UK

What is WAX and what is it used for?: WAX (Worldwide Asset eXchange) is a blockchain platform designed to simplify digital collectibles and in-game items trading. It focuses on user-friendly NFT minting, trading, and marketplace activities, with an emphasis on low fees and fast finality. WAX uses a delegated proof-of-stake consensus and provides tools like WAX Cloud Wallet for easy onboarding, making it accessible to mainstream users and developers. If you’re looking to buy, sell, or create NFTs, WAX offers a marketplace-ready ecosystem with standardized NFT formats and a robust set of APIs for developers.
How many WAX tokens are in circulation and what is the current price trend?: As of the latest data, about 4.5348 billion WAX tokens are in circulating supply. The current price is around $0.00808 per WAXP, with a 24-hour price change of roughly -0.00008966 and a day-over-day decline of about 1.10%. Crypto prices can be volatile, so it’s wise to monitor real-time quotes on reliable exchanges and consider broader market conditions before making trades. If you hold WAXP, you may want to track price momentum, trading volume, and on-chain activity to gauge potential short-term moves.
What network features make WAX suitable for NFT trading and gaming assets?: WAX offers several features tailored for NFTs and gaming assets: (1) a delegated proof-of-stake (DPoS) consensus for fast finality and scalability, (2) low transaction fees compared to many other networks, helping creators monetize microtransactions, (3) an ecosystem of tools including the WAX Cloud Wallet and WAX NFT standards that simplify minting and trading, (4) built-in marketplaces and explorer support to verify asset provenance, and (5) delegated governance that can incorporate community input. These elements combine to create a user-friendly environment for developers and collectors alike.
How can I participate in the WAX ecosystem as a beginner investor or creator?: Newcomers can start by creating a WAX Cloud Wallet, which provides a secure gateway to manage WAXP tokens and NFT assets without deep technical setup. To acquire WAXP, you can use supported centralized or decentralized exchanges, then transfer to your wallet. For creators, explore NFT minting via WAX’s standardized formats, set royalties, and list items on compatible marketplaces. Engage with the community, join official forums or social channels for guidance on best practices, scams to avoid, and optimization tips for metadata, licensing, and asset provenance.
What are the risks and considerations I should know before investing in WAXP?: Key considerations include price volatility, regulatory changes affecting NFT markets, and platform-specific risks such as smart contract bugs or ecosystem changes. While WAX aims for fast, low-cost transactions, network congestion can still impact timing and fees. Always use reputable wallets and enable security features like two-factor authentication. Diversify your holdings to mitigate risk, and perform due diligence on any NFT projects you interact with on the WAX network. Keeping up-to-date with official announcements helps you navigate protocol upgrades or policy changes.