How to Lend Elastos (ELA)

Introduction

Lending Elastos can be an excellent choice for those looking to hold ELA 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. 1. Acquire Elastos (ELA) Tokens

   To lend Elastos, you must first possess it. To acquire Elastos, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Coinbase	Elastos (ELA)	1,3 APY
   BingX	Elastos (ELA)	1,29 APY
   Bitget	Elastos (ELA)	1,3 APY
   CoinEx	Elastos (ELA)	1,29 APY
   Crypto.com	Elastos (ELA)	1,3 APY
   Gate.io	Elastos (ELA)	1,29 APY

   Check out all 18 prices

2. 2. Select a Elastos Lender in Italy

   Once you have ELA, you'll need to select a Elastos lending platform to lend your tokens. You can explore some options here.

   Piattaforma	Criptovaluta	APY
   Bitget	Elastos (ELA)	Up to 1% APY

3. 3. Lend Your Elastos in Italy

   Once you've selected a platform to lend your Elastos, transfer your Elastos into your wallet on the lending platform. After the deposit is made, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximize your earnings.

What to Consider in Italy

Lending your cryptocurrency can involve significant risks