How to Lend Binance-Peg IoTeX (IOTX): A Step-by-Step Guide

Introduction

Lending Binance-Peg IoTeX can be a great option for those who want to hold IOTX but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Binance-Peg IoTeX (IOTX) Tokens
In order to lend Binance-Peg IoTeX, you need to have it. To obtain Binance-Peg IoTeX, you’ll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Azbit Binance-Peg IoTeX (IOTX) 0.01
FMFW.io Binance-Peg IoTeX (IOTX) 0.01
Kucoin Binance-Peg IoTeX (IOTX) 0.01
See all 4 prices
2. Choose a Binance-Peg IoTeX Lender
Once you have IOTX, you’ll need to choose a Binance-Peg IoTeX lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Kucoin Binance-Peg IoTeX (IOTX) Up to 100% APY
3. Lend Your Binance-Peg IoTeX
Once you’ve chosen a platform to lending your Binance-Peg IoTeX, transfer your Binance-Peg IoTeX into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

Platform	Coin	Price
Azbit	Binance-Peg IoTeX (IOTX)	0.01
FMFW.io	Binance-Peg IoTeX (IOTX)	0.01
Kucoin	Binance-Peg IoTeX (IOTX)	0.01

Platform	Coin	Interest rate
Kucoin	Binance-Peg IoTeX (IOTX)	Up to 100% APY

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.