How to Lend Merlin Chain (MERL)

Introduction

Lending Merlin Chain can be an excellent choice for those looking to hold MERL 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 Merlin Chain (MERL) Tokens

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

   Piattaforma	Criptovaluta	Value
   PrimeXBT	Merlin Chain (MERL)	0,43 APY
   BTSE	Merlin Chain (MERL)	0,43 APY
   Kraken	Merlin Chain (MERL)	0,43 APY
   OKX	Merlin Chain (MERL)	0,11 APY
   BingX	Merlin Chain (MERL)	0,43 APY
   Bitget	Merlin Chain (MERL)	0,43 APY

   Check out all 32 prices

2. 2. Select a Merlin Chain Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   Bitget	Merlin Chain (MERL)	Up to 0,8% APY
   Kucoin	Merlin Chain (MERL)	Up to 0,5% APY

3. 3. Lend Your Merlin Chain in Italy

   Once you've selected a platform to lend your Merlin Chain, transfer your Merlin Chain 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