How to Lend WAX (WAXP)

Introduction

Lending WAX can be an excellent choice for those looking to hold WAXP 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 WAX (WAXP) Tokens

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

   Piattaforma	Criptovaluta	Value
   OKX	WAX (WAXP)	0,02 APY
   Binance	WAX (WAXP)	0,02 APY
   BingX	WAX (WAXP)	0,02 APY
   Bitget	WAX (WAXP)	0,02 APY
   Bitmart	WAX (WAXP)	0,02 APY
   Bitpanda	WAX (WAXP)	0,05 APY

   Check out all 29 prices

2. 2. Select a WAX Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   Kucoin	WAX (WAXP)	Up to 0,5% APY

3. 3. Lend Your WAX in Italy

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