Earn as much as
0.8% APY on your investments.
A comprehensive guide on how to earn Merlin Chain (MERL) in Nigeria.
We have extensive data on earning Merlin Chain (MERL), and we're excited to share some of this valuable information with you.
We present you with various earning opportunities using other cryptocurrencies that may catch your interest.
Merlin Chain (MERL) is currently priced at US$0.8 with a 24-hour trading volume of US$11.1M. The market cap of Merlin Chain stands at US$110.34M, with 487.48M MERL in circulation. For those looking to buy or trade Merlin Chain, Bitget offers avenues to do so securely and efficiently}
Lending Merlin Chain can be an excellent choice for those looking to hold MERL 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.
To lend Merlin Chain, you must first acquire it. To obtain Merlin Chain, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.
| Platform | Coin | Price |
|---|---|---|
| PrimeXBT | Merlin Chain (MERL) | 0.26 |
| BTSE | Merlin Chain (MERL) | 0.26 |
| Kraken | Merlin Chain (MERL) | 0.26 |
| OKX | Merlin Chain (MERL) | 0.11 |
| BingX | Merlin Chain (MERL) | 0.26 |
| Bitget | Merlin Chain (MERL) | 0.26 |
Once you have MERL, you'll need to select a Merlin Chain lending platform to lend your tokens. You can explore some options here.
| Platform | Coin | Interest rate |
|---|---|---|
| Bitget | Merlin Chain (MERL) | Up to 0.8% APY |
| Kucoin | Merlin Chain (MERL) | Up to 0.5% APY |
Once you've selected a platform to earn your Merlin Chain, transfer your Merlin Chain 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.
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.
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.
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