How to Lend Scorum Coin (SCR)

Introduction

Lending Scorum Coin can be an excellent choice for those looking to hold SCR 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 Scorum Coin (SCR) Tokens

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

   Piattaforma	Criptovaluta	Value
   BTSE	Scorum Coin (SCR)	0,08 APY
   Kucoin	Scorum Coin (SCR)	0,08 APY

   Check out all 4 prices

2. 2. Select a Scorum Coin Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   Kucoin	Scorum Coin (SCR)	Up to 1,31% APY

3. 3. Lend Your Scorum Coin in Italy

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