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Introduction

Lending eCash can be an excellent choice for those looking to hold XEC 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. 1. Acquire eCash (XEC) Tokens

   To lend eCash, you must first acquire it. To obtain eCash, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.

   Platform	Coin	Price
   Binance	eCash (XEC)	0.00001147
   BingX	eCash (XEC)	0.00001145
   Bitmart	eCash (XEC)	0.00002046
   Bitpanda	eCash (XEC)	0.00004911
   CoinEx	eCash (XEC)	0.00001144
   FMFW.io	eCash (XEC)	0.00001055

   See all 24 prices

2. 2. Choose a eCash Lender

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

   Platform	Coin	Interest rate
   Kucoin	eCash (XEC)	Up to 0.5% APY

3. 3. Earn eCash

   Once you've selected a platform to earn your eCash, transfer your eCash 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. 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.