How to Lend Wormhole (W)

Introduction

Lending Wormhole can be an excellent choice for those looking to hold W 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 Wormhole (W) Tokens

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

   Piattaforma	Criptovaluta	Value
   PrimeXBT	Wormhole (W)	0,03 APY
   YouHodler	Wormhole (W)	0,03 APY
   Binance	Wormhole (W)	0,03 APY
   BTSE	Wormhole (W)	0,03 APY
   Coinbase	Wormhole (W)	0,03 APY
   OKX	Wormhole (W)	0,08 APY

   Check out all 44 prices

2. 2. Select a Wormhole Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   YouHodler	Wormhole (W)	Up to 16% APY
   Bitget	Wormhole (W)	Up to 0,8% APY
   Kucoin	Wormhole (W)	Up to 0,5% APY

   Discover all 5 lending APY rates

3. 3. Lend Your Wormhole in Italy

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