How to Earn Algowave (ALGO): A Step-by-Step Guide

Introduction

Lending Algowave can be a great option for those who want to hold ALGO 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 Algowave (ALGO) Tokens
In order to lend Algowave, you need to have it. To obtain Algowave, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Kraken Algowave (ALGO) 0.13
CoinEx Algowave (ALGO) 0.13
Hotcoin Algowave (ALGO) 0.13
Kucoin Algowave (ALGO) 0.13
MEXC Global Algowave (ALGO) 0.13
See all 10 prices
2. Choose a Algowave Lender
Once you have ALGO, you'll need to choose a Algowave lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Kucoin Algowave (ALGO) Up to 0.5% APY
3. Earn Algowave
Once you've chosen a platform to earning your Algowave, transfer your Algowave into your wallet in the earning 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 earning platform pays compounding interest to maximise your returns.

Platform	Coin	Price
Kraken	Algowave (ALGO)	0.13
CoinEx	Algowave (ALGO)	0.13
Hotcoin	Algowave (ALGO)	0.13
Kucoin	Algowave (ALGO)	0.13
MEXC Global	Algowave (ALGO)	0.13

Platform	Coin	Interest rate
Kucoin	Algowave (ALGO)	Up to 0.5% 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.