Introduction
Lending NEM can be an excellent choice for those looking to hold XEM 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 NEM (XEM) Tokens
To lend NEM, you must first possess it. To acquire NEM, you'll need to buy it. You can select from these well-known exchanges available in Italy.
2. Select a NEM Lender in Italy
Once you have XEM, you'll need to select a NEM lending platform to lend your tokens. You can explore some options here.
3. Lend Your NEM in Italy
Once you've selected a platform to lend your NEM, transfer your NEM 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.
What to Consider in Italy
Lending your cryptocurrency can involve significant risks
Recent Developments
NEM (XEM) is currently priced at US$0.5 with a 24-hour trading volume of US$25.36M. The market cap of NEM stands at US$240.24M, with 9B XEM in circulation. For those looking to buy or trade NEM, Kucoin offers avenues to do so securely and efficiently
- Market capitalization
- US$240.24M
- 24h volume in the Italian market
- US$25.36M
- Circulating supply
- 9B XEM
XEM
ADA
AVAX
BNB
BTC
DOGE
ETH
HYPE
LINK
SOL
STETH
SUI
TRX