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USDCImportant Notice
Lending BitcoinX can be an excellent choice for those looking to hold bcx while earning returns. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this comprehensive guide tailored for you.
To lend BitcoinX, you first need to possess it. To acquire BitcoinX, you'll have to buy it. You can select from these popular Indian exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Azbit | BitcoinX (bcx) | 0 |
| Bitmart | BitcoinX (bcx) | 0.11 |
| Gate.io | BitcoinX (bcx) | 0.00008836 |
| MEXC Global | BitcoinX (bcx) | 0.00001879 |
Once you have bcx, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.
Once you've selected a platform to earn your BitcoinX, transfer your BitcoinX into your wallet on the earning platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential earnings. Ensure that your chosen platform offers compounding interest to maximise your returns in the Indian market.
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto assets. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
