Introduction
Lending XAI can be an excellent choice for those looking to hold x 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 XAI (x) Tokens
To lend XAI, you must first possess it. To acquire XAI, you'll need to buy it. You can select from these well-known exchanges available in Italy.
2. Select a XAI Lender in Italy
Once you have x, you'll need to select a XAI lending platform to lend your tokens. You can explore some options here.
3. Lend Your XAI in Italy
Once you've selected a platform to lend your XAI, transfer your XAI 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.
What to Consider in Italy
Lending your cryptocurrency can involve significant risks