How to Lend Monero (XMR)

Introduction

Lending Monero can be an excellent choice for those looking to hold XMR 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 Monero (XMR) Tokens

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

   Piattaforma	Criptovaluta	Value
   Binance	Monero (XMR)	118,7 APY
   BTSE	Monero (XMR)	559,9 APY
   Kraken	Monero (XMR)	564,19 APY
   Azbit	Monero (XMR)	568,18 APY
   BingX	Monero (XMR)	161,9 APY
   Bitfinex	Monero (XMR)	565,32 APY

   Check out all 27 prices

2. 2. Select a Monero Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   Kucoin	Monero (XMR)	Up to 0,3% APY

3. 3. Lend Your Monero in Italy

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