Where and How to Earn NEM (XEM)

Introduction

Lending NEM can be an excellent choice for those looking to hold XEM 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 NEM (XEM) Tokens

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

   Platform	Coin	Price
   Binance	NEM (XEM)	0.02
   BingX	NEM (XEM)	0
   Bitget	NEM (XEM)	0
   Bitmart	NEM (XEM)	0
   Bitpanda	NEM (XEM)	0.03
   Bybit	NEM (XEM)	0

   See all 25 prices

2. 2. Choose a NEM Lender

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

   Platform	Coin	Interest rate
   Kucoin	NEM (XEM)	Up to 0.5% APY

3. 3. Earn NEM

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