Where and How to Lend Immutable (IMX)

Introduction

Lending Immutable can be a great option for those who wish to hold IMX but earn interest. The steps can be a bit intimidating, especially the first time you attempt them. That's why we have compiled this guide for you.

Step-by-Step Guide

1. 1. Acquire Immutable (IMX) Tokens

   To lend Immutable, you need to have it. To obtain Immutable, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	Immutable (IMX)	1.36
   Uphold	Immutable (IMX)	1.36
   Kraken	Immutable (IMX)	1.36
   OKX	Immutable (IMX)	1.36
   YouHodler	Immutable (IMX)	1.36
   Binance	Immutable (IMX)	1.37

   See all 26 prices

2. 2. Select a Immutable Lender

   Once you have IMX, you’ll need to choose a Immutable lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   YouHodler	Immutable (IMX)	Up to 30.00 APY
   Kucoin	Immutable (IMX)	Up to 0.50 APY
   OKX	Immutable (IMX)	Up to 1.00 APY

3. 3. Lend Your Immutable

   After you have selected a platform for lending your Immutable, transfer your Immutable into your wallet on the lending platform. Once it is deposited, it will begin earning interest. Some platforms pay interest on a daily basis, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you have to do is relax while your crypto earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure that you do your research before depositing your crypto. Don’t lend more than you’re prepared to lose. Verify their lending practices, reviews, and how they secure your cryptocurrency.