Introduction
Lending Chia can be a great option for those who want to hold XCH 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 Chia (XCH) Tokens
In order to lend Chia, you need to have it. To obtain Chia, you’ll need to purchase it. You can choose from these popular exchanges.
See all 10 pricesPlatform Coin Price Bitpanda Chia (XCH) 12.81 Uphold Chia (XCH) 12.84 OKX Chia (XCH) 12.69 Bitmart Chia (XCH) 12.76 MEXC Global Chia (XCH) 12.64 BingX Chia (XCH) 12.71 2. Choose a Chia Lender
Once you have XCH, you’ll need to choose a Chia lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate OKX Chia (XCH) Up to 1.00 APY 3. Lend Your Chia
Once you’ve chosen a platform to lending your Chia, transfer your Chia 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.
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.
Latest Movements
Chia (XCH) is currently priced at $1.00 with a 24-hour trading volume of $10.41M. The market cap of Chia stands at $171.13M, with $13.84M XCH in circulation. For those looking to buy or trade Chia, OKX offers avenues to do so securely and efficiently}
- Market cap
- $171.13M
- 24h volume
- $10.41M
- Circulating supply
- $13.84M