Introduction
Lending WAX can be an excellent choice for those looking to hold WAXP 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.
Step-by-Step Guide for Indian Investors
1. Acquire WAX (WAXP) Tokens in India
To lend WAX, you first need to possess it. To acquire WAX, you'll have to buy it. You can select from these popular Indian exchanges.
See all 29 ratesPlatform Coin Cost Binance WAX (WAXP) 0.02 OKX WAX (WAXP) 0.02 BingX WAX (WAXP) 0.02 Bitget WAX (WAXP) 0.02 Bitmart WAX (WAXP) 0.02 Bitpanda WAX (WAXP) 0.05 2. Choose a WAX Lender in India
Once you have WAXP, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.
Platform Coin APY Kucoin WAX (WAXP) Up to 0.5% APY 3. Earn WAX in India
Once you've selected a platform to earn your WAX, transfer your WAX 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.
4. Earn Interest in India
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.
What to Keep in Mind
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.
Latest Trends in India
WAX (WAXP) is currently priced at $0.5 with a 24-hour trading volume of $3.4Cr. The market cap of WAX stands at $15.92Cr, with 350.41Cr WAXP in circulation. For those looking to buy or trade WAX, Kucoin offers avenues to do so securely and efficiently
- Market capitalization
- $15.92Cr
- 24-hour trading volume
- $3.4Cr
- Circulating supply in the market
- 350.41Cr WAXP