How to Lend WAX (WAXP): A Step-by-Step Guide

Introduction

Lending WAX can be a great option for those who want to hold WAXP 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 WAX (WAXP) Tokens
In order to lend WAX, you need to have it. To obtain WAX, you’ll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
OKX WAX (WAXP) 0.04
Binance WAX (WAXP) 0.04
Bitmart WAX (WAXP) 0.04
MEXC Global WAX (WAXP) 0.04
Bitget WAX (WAXP) 0.04
BingX WAX (WAXP) 0.04
See all 15 prices
2. Choose a WAX Lender
Once you have WAXP, you’ll need to choose a WAX lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Kucoin WAX (WAXP) Up to 0.5 APY
3. Lend Your WAX
Once you’ve chosen a platform to lending your WAX, transfer your WAX 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.

Platform	Coin	Price
OKX	WAX (WAXP)	0.04
Binance	WAX (WAXP)	0.04
Bitmart	WAX (WAXP)	0.04
MEXC Global	WAX (WAXP)	0.04
Bitget	WAX (WAXP)	0.04
BingX	WAX (WAXP)	0.04

Platform	Coin	Interest rate
Kucoin	WAX (WAXP)	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.

Latest Movements

WAX (WAXP) is currently priced at $0.5 with a 24-hour trading volume of $8.39M. The market cap of WAX stands at $152.87M, with $3.5B WAXP in circulation. For those looking to buy or trade WAX, Kucoin offers avenues to do so securely and efficiently}

Market cap: $152.87M
24h volume: $8.39M
Circulating supply: $3.5B

See latest information

Frequently Asked Questions About Lending WAX (WAXP)

What are WAX lending rates?: WAX lending rates are interest rates offered for lending your WAXP tokens on various platforms. These rates are subject to change based on market conditions. To get the most current rates, utilize Bitcompare's real-time price comparisons and email alerts.
How can I find the best WAX lending rates?: Use Bitcompare to access a comprehensive list of reputable exchanges offering WAX lending services. Bitcompare provides tools like price comparisons and sentiment analysis to help you find the best rates.
Why do WAX lending rates fluctuate?: WAX lending rates fluctuate due to changes in market demand, liquidity, and other economic factors. Stay informed by checking Bitcompare for the latest updates and alerts to make informed decisions.
Can I set alerts for changes in WAX lending rates?: Yes, Bitcompare offers email alerts for changes in WAX lending rates. This feature helps you stay updated on market movements and ensure you're making well-informed decisions.
Is there a resource for the latest news on WAX?: Bitcompare provides a news section with the latest events and developments related to WAX. Regularly checking this resource can help you stay informed about factors affecting WAX rates.
How do I use sentiment analysis for WAX?: Sentiment analysis on Bitcompare helps gauge the overall market mood regarding WAX. This tool can aid in understanding potential market movements. Check regularly to incorporate sentiment data into your decision-making process.
Is it possible to bookmark the Bitcompare page for quick access?: Yes, you can bookmark the Bitcompare page to quickly access tools like price comparisons and market alerts for WAX. Regular visits ensure you stay ahead of market trends and make informed decisions.