How to Lend Merlin Chain (MERL) in Russia: A Step-by-Step Guide

Introduction

Lending Merlin Chain can be an excellent choice for those in Russia who wish to hold MERL while generating yield. The process may seem overwhelming, particularly for first-time users. To simplify things, we've created this comprehensive guide tailored for the Russian market.

Step-by-Step Guide

1. Acquire Merlin Chain (MERL) Tokens in Russia
To lend Merlin Chain in Russia, you first need to acquire it. To obtain Merlin Chain, you will need to purchase it from one of the popular cryptocurrency exchanges available in the region.
Platform Coin Cost
PrimeXBT Merlin Chain (MERL) 0.43
BTSE Merlin Chain (MERL) 0.43
Kraken Merlin Chain (MERL) 0.43
OKX Merlin Chain (MERL) 0.11
BingX Merlin Chain (MERL) 0.43
Bitget Merlin Chain (MERL) 0.43
View all 32 rates
2. Select a Merlin Chain Lender in Russia
Once you have MERL, you'll need to choose a Merlin Chain lending platform to lend your tokens in Russia. You can explore some options available in the Russian market here.
Platform Coin APY
Bitget Merlin Chain (MERL) Up to 0.8% APY in Russia
Kucoin Merlin Chain (MERL) Up to 0.5% APY in Russia
3. Lend Your Merlin Chain in Russia
Once you've selected a platform to lend your Merlin Chain, transfer your Merlin Chain into your wallet on the lending platform. After the deposit is made, it will begin to accrue interest. Some platforms offer interest payments daily, while others may pay out weekly or monthly, catering to the preferences of Russian investors.
4. Earn Interest
Now all you need to do is relax while your cryptocurrency earns interest. The more you deposit, the more interest you can accumulate. Ensure that your lending platform offers compounding interest to maximize your returns in the Russian market.

Platform	Coin	Cost
PrimeXBT	Merlin Chain (MERL)	0.43
BTSE	Merlin Chain (MERL)	0.43
Kraken	Merlin Chain (MERL)	0.43
OKX	Merlin Chain (MERL)	0.11
BingX	Merlin Chain (MERL)	0.43
Bitget	Merlin Chain (MERL)	0.43