How to Lend PAX Gold (PAXG)

Introduction

Lending PAX Gold can be an excellent choice for those looking to hold PAXG 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 PAX Gold (PAXG) Tokens

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

   Piattaforma	Criptovaluta	Value
   Nexo	PAX Gold (PAXG)	3,314.81 APY
   YouHodler	PAX Gold (PAXG)	3,314.82 APY
   Binance	PAX Gold (PAXG)	3,314.84 APY
   Coinbase	PAX Gold (PAXG)	3,317.45 APY
   Kraken	PAX Gold (PAXG)	3,315.64 APY
   Luno	PAX Gold (PAXG)	3,333 APY

   Check out all 44 prices

2. 2. Select a PAX Gold Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   Nexo	PAX Gold (PAXG)	Up to 7% APY
   YouHodler	PAX Gold (PAXG)	Up to 12% APY
   Gemini	PAX Gold (PAXG)	Up to 0.01% APY
   Kucoin	PAX Gold (PAXG)	Up to 0.29% APY

   Discover all 7 lending APY rates

3. 3. Lend Your PAX Gold in Italy

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