How to Lend MultiversX (EGLD)

Introduction

Lending MultiversX can be an excellent choice for those looking to hold EGLD 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 MultiversX (EGLD) Tokens

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

   Piattaforma	Criptovaluta	Value
   PrimeXBT	MultiversX (EGLD)	6,19 APY
   YouHodler	MultiversX (EGLD)	6,2 APY
   Binance	MultiversX (EGLD)	6,2 APY
   BTSE	MultiversX (EGLD)	6,2 APY
   Coinbase	MultiversX (EGLD)	6,18 APY
   Kraken	MultiversX (EGLD)	6,2 APY

   Check out all 53 prices

2. 2. Select a MultiversX Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   YouHodler	MultiversX (EGLD)	Up to 16% APY
   Bitget	MultiversX (EGLD)	Up to 0,3% APY
   Kucoin	MultiversX (EGLD)	Up to 6% APY

   Discover all 5 lending APY rates

3. 3. Lend Your MultiversX in Italy

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