Where and How to Earn PAX Gold (PAXG)

Introduction

Lending PAX Gold can be an excellent choice for those looking to hold PAXG while generating yield. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Navigating Cryptocurrency in Portugal 1

1. 1. Acquire PAX Gold (PAXG) Tokens in Portugal

   To lend PAX Gold in Portugal, you first need to possess it. To acquire PAX Gold, you will need to purchase it. You can select from these popular exchanges available in the Portuguese market.

   Plataforma	Moeda	Price in Portugal
   Nexo	PAX Gold (PAXG)	3,361.18
   YouHodler	PAX Gold (PAXG)	3,361.18
   Binance	PAX Gold (PAXG)	3,361.18
   Coinbase	PAX Gold (PAXG)	3,359.76
   Kraken	PAX Gold (PAXG)	3,362.5
   Luno	PAX Gold (PAXG)	3,345

   View all 44 prices

2. 2. Select a PAX Gold Lender in Portugal

   Once you have PAXG, you'll need to select a PAX Gold lending platform to lend your tokens. You can explore some options tailored for the Portuguese market here.

   Plataforma	Moeda	APY
   Nexo	PAX Gold (PAXG)	Up to 7% APY in Portugal
   YouHodler	PAX Gold (PAXG)	Up to 12% APY in Portugal
   Gemini	PAX Gold (PAXG)	Up to 0.01% APY in Portugal
   Kucoin	PAX Gold (PAXG)	Up to 0.35% APY in Portugal

   Explore all 7 lending rates available in Portugal

3. 3. Earn PAX Gold in Portugal

   Once you've selected a platform to earn your PAX Gold, transfer your PAX Gold into your wallet on the earning platform. Once it's deposited, it will begin to accrue interest. Some platforms offer interest payments 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 greater your potential earnings. Ensure that your chosen platform offers compounding interest to maximise your returns in the Portuguese market.

What to Consider in Portugal

Lending your cryptocurrency can carry certain risks