Where and How to Earn NEM (XEM)

Introduction

Lending NEM can be a great option for those who want to hold XEM 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. 1. Obtain NEM (XEM) Tokens

   To lend NEM, you need to have it. To get NEM, you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Price
   Bitget	NEM (XEM)	0
   Bitmart	NEM (XEM)	0
   Gate.io	NEM (XEM)	0
   Kucoin	NEM (XEM)	0
   BingX	NEM (XEM)	0
   CoinEx	NEM (XEM)	0

   See all 24 prices

2. 2. Choose a NEM Lender

   Once you have XEM, you'll need to select a NEM lending platform to lend your tokens. You can check some options here.

   Platform	Coin	Interest rate
   Kucoin	NEM (XEM)	Up to 0.5% APY

3. 3. Earn NEM

   Once you've selected a platform to earn your NEM, transfer your NEM into your wallet on the earning platform. Once it's deposited, it will begin earning interest. Some platforms pay interest daily, while others offer it weekly or monthly.

4. 4. Earn Interest

   Now, you just need to relax while your crypto earns interest. The more you deposit, the more interest you can earn. Ensure that your earning platform offers compounding interest to maximise your returns.

What to Keep in Mind

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.