How to Lend WAX (WAXP) in Russia

Introduction

Lending WAX can be an excellent choice for those in Russia who wish to hold WAXP 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. 1. Acquire WAX (WAXP) Tokens in Russia

   To lend WAX in Russia, you first need to acquire it. To obtain WAX, you will need to purchase it from one of the popular cryptocurrency exchanges available in the region.

   Платформа	Криптовалюта	Cost
   Binance	WAX (WAXP)	0.02
   OKX	WAX (WAXP)	0.02
   BingX	WAX (WAXP)	0.02
   Bitget	WAX (WAXP)	0.02
   Bitmart	WAX (WAXP)	0.02
   Bitpanda	WAX (WAXP)	0.05

   View all 29 rates

2. 2. Select a WAX Lender in Russia

   Once you have WAXP, you'll need to choose a WAX lending platform to lend your tokens in Russia. You can explore some options available in the Russian market here.

   Платформа	Криптовалюта	APY
   Kucoin	WAX (WAXP)	Up to 0.5% APY in Russia

3. 3. Lend Your WAX in Russia

   Once you've selected a platform to lend your WAX, transfer your WAX 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. 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.

What to Consider in Russia

Lending your cryptocurrency in Russia can involve certain risks