Introduction
Lending THORChain can be an excellent choice for those looking to hold RUNE 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 THORChain (RUNE) Tokens
To lend THORChain, you must first possess it. To acquire THORChain, you'll need to buy it. You can select from these well-known exchanges available in Italy.
Check out all 40 pricesPiattaforma Criptovaluta Value Nexo THORChain (RUNE) 0,57 APY PrimeXBT THORChain (RUNE) 0,57 APY Binance THORChain (RUNE) 0,57 APY Coinbase THORChain (RUNE) 5,44 APY Kraken THORChain (RUNE) 0,57 APY Uphold THORChain (RUNE) 1,17 APY 2. Select a THORChain Lender in Italy
Once you have RUNE, you'll need to select a THORChain lending platform to lend your tokens. You can explore some options here.
Piattaforma Criptovaluta APY Kucoin THORChain (RUNE) Up to 0,5% APY 3. Earn THORChain in Italy and take advantage of competitive APY rates offered by various providers
Once you've selected a platform to earn your THORChain, transfer your THORChain 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
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- Market capitalization
- US$1.11B
- 24h volume in the Italian market
- US$490.55M
- Circulating supply
- 344,45M RUNE
