How to Lend Solar (SXP)

Introduction

Lending Solar can be an excellent choice for those looking to hold SXP 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 Solar (SXP) Tokens

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

   Piattaforma	Criptovaluta	Value
   Binance	Solar (SXP)	0,18 APY
   Bake	Solar (SXP)	0,17 APY
   BingX	Solar (SXP)	0,18 APY
   Bitget	Solar (SXP)	0,18 APY
   Bitmart	Solar (SXP)	0,18 APY
   Bitpanda	Solar (SXP)	0,39 APY

   Check out all 26 prices

2. 2. Select a Solar Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   Kucoin	Solar (SXP)	Up to 0,5% APY

3. 3. Lend Your Solar in Italy

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