Introduction
Lending ApeCoin can be an excellent choice for those looking to hold APE while earning yield. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide to help you navigate through it smoothly.
Step-by-Step Guide
1. Acquire ApeCoin (APE) Tokens
To lend ApeCoin, you must first acquire it. To obtain ApeCoin, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.
See all 36 pricesPlatform Coin Price Nexo ApeCoin (APE) 0.21 PrimeXBT ApeCoin (APE) 0.21 Uphold ApeCoin (APE) 0.7 Bake ApeCoin (APE) 0.21 BingX ApeCoin (APE) 0.21 Bitfinex ApeCoin (APE) 0.21 2. Choose a ApeCoin Lender
Once you have APE, you'll need to select a ApeCoin lending platform to lend your tokens. You can explore some options here.
See all 6 lending ratesPlatform Coin Interest rate Nexo ApeCoin (APE) Up to 9% APY Bitget ApeCoin (APE) Up to 12% APY Blockchain.com ApeCoin (APE) Up to 1% APY Gemini ApeCoin (APE) Up to 0.01% APY 3. Earn ApeCoin
Once you've selected a platform to earn your ApeCoin, transfer your ApeCoin into your wallet on the earning platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is relax while your cryptocurrency earns interest. The more you deposit, the higher your potential earnings. Ensure that your earning platform offers compounding APY to maximize your returns.
What to be Aware of
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they have in place to secure your cryptocurrency.
Latest Movements
ApeCoin (APE) is currently priced at US$9 with a 24-hour trading volume of US$200.09M. The market cap of ApeCoin stands at US$798.44M, with 721.45M APE in circulation. For those looking to buy or trade ApeCoin, Nexo offers avenues to do so securely and efficiently
- Market cap
- US$798.44M
- 24h volume
- US$200.09M
- Circulating supply
- 721.45M APE
