How to Lend WAX (WAXP): A Comprehensive Guide for Italian Investors

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. 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
Binance WAX (WAXP) 0,01 APY
OKX WAX (WAXP) 0,02 APY
BingX WAX (WAXP) 0,01 APY
Bitget WAX (WAXP) 0,01 APY
Bitmart WAX (WAXP) 0,02 APY
Bitpanda WAX (WAXP) 0,05 APY
Check out all 29 prices
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. 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. 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.