Where and How to Lend xMoney (UTK)

Introduction

Lending xMoney can be a great option for those who want to hold UTK 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. 1. Obtain xMoney (UTK) Tokens

   In order to lend xMoney, you need to have it. To obtain xMoney, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	xMoney (UTK)	0.05
   Binance	xMoney (UTK)	0.05
   MEXC Global	xMoney (UTK)	0.05
   BingX	xMoney (UTK)	0.05
   Kucoin	xMoney (UTK)	0.05
   Gate.io	xMoney (UTK)	0.05

   See all 10 prices

2. 2. Choose a xMoney Lender

   Once you have UTK, you’ll need to choose a xMoney lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Kucoin	xMoney (UTK)	Up to 0.5 APY

3. 3. Lend Your xMoney

   Once you’ve chosen a platform to lending your xMoney, transfer your xMoney 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. 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.