Introduction
Lending PAX Gold can be an excellent choice for those looking to hold PAXG while generating a return. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to help you navigate through it.
Step-by-Step Guide for Italian Investors
1. Acquire PAX Gold (PAXG) Tokens
To lend PAX Gold, you must first possess it. To acquire PAX Gold, you'll need to buy it. You can select from these well-known exchanges available in Italy.
Check out all 44 pricesPiattaforma Criptovaluta Value Nexo PAX Gold (PAXG) 3,341.64 APY YouHodler PAX Gold (PAXG) 3,341.65 APY Binance PAX Gold (PAXG) 3,341.65 APY Coinbase PAX Gold (PAXG) 3,345.27 APY Kraken PAX Gold (PAXG) 3,343.26 APY Luno PAX Gold (PAXG) 3,322 APY 2. Select a PAX Gold Lender in Italy
Once you have PAXG, you'll need to select a PAX Gold lending platform to lend your tokens. You can explore some options here.
Discover all 7 lending APY ratesPiattaforma Criptovaluta APY Nexo PAX Gold (PAXG) Up to 7% APY YouHodler PAX Gold (PAXG) Up to 12% APY Gemini PAX Gold (PAXG) Up to 0.01% APY Kucoin PAX Gold (PAXG) Up to 0.3% APY 3. Earn PAX Gold in Italy and take advantage of competitive APY rates offered by various providers
Once you've selected a platform to earn your PAX Gold, transfer your PAX Gold into your wallet on the earning platform. Once it's deposited, it will begin to accrue APY. Some platforms offer interest payments daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the more interest you can accumulate. Be sure to choose a platform that offers compounding interest to maximize your returns.
What to Consider in Italy
Lending your cryptocurrency can involve significant risks
Recent Developments
PAX Gold (PAXG) is currently priced at $7 with a 24-hour trading volume of $14.25M. The market cap of PAX Gold stands at $535.05M, with 199,956.7 PAXG in circulation. For those looking to buy or trade PAX Gold, Nexo offers avenues to do so securely and efficiently
- Market capitalization
- $535.05M
- 24h volume in the Italian market
- $14.25M
- Circulating supply
- 199,956.7 PAXG