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Lending BitcoinX is an excellent choice for those looking to hold bcx while earning yield. The process may seem intimidating, especially for first-timers. That's why we've created this guide to help you navigate it.
To lend BitcoinX, you must first possess it. To acquire BitcoinX, you will need to buy it. You can select from these well-known exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Azbit | BitcoinX (bcx) | 0 |
| Bitmart | BitcoinX (bcx) | 0.11 |
| Gate.io | BitcoinX (bcx) | 0.00008836 |
| MEXC Global | BitcoinX (bcx) | 0.00001879 |
Once you have bcx, you'll need to select a BitcoinX lending platform to lend your tokens. You can find some options here.
After selecting a platform to earn your BitcoinX, transfer your BitcoinX to your wallet on that platform. Once deposited, it will begin accruing interest. Some platforms offer daily interest payments, while others may pay weekly or monthly.
Now all you need to do is relax while your crypto generates interest. The more you deposit, the more interest you can earn. Ensure that your earning platform offers compounding interest to maximize your returns.
Lending your cryptocurrency can involve risks. Ensure you conduct thorough research before making any deposits. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the security measures they have in place for your assets.
