How to Lend MultiversX (EGLD): A Comprehensive Guide for Italian Investors

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. 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)	6,2 APY
YouHodler	MultiversX (EGLD)	6,2 APY
Binance	MultiversX (EGLD)	6,2 APY
BTSE	MultiversX (EGLD)	6,2 APY
Coinbase	MultiversX (EGLD)	6,19 APY
Kraken	MultiversX (EGLD)	6,18 APY

Check out all 53 prices

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. 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. 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.