Introduction
Lending PAX Gold is an excellent choice for those looking to hold PAXG 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.
Comprehensive Guide
1. Acquire PAX Gold (PAXG) Tokens
To lend PAX Gold, you must first possess it. To acquire PAX Gold, you will need to buy it. You can select from these well-known exchanges.
View all 44 pricesPlatform Coin Cost Nexo PAX Gold (PAXG) 3,543.99 YouHodler PAX Gold (PAXG) 3,544.27 Binance PAX Gold (PAXG) 3,543.98 Coinbase PAX Gold (PAXG) 3,546.06 Kraken PAX Gold (PAXG) 3,548.23 Luno PAX Gold (PAXG) 3,661 2. Select a PAX Gold Lender
Once you have PAXG, you'll need to select a PAX Gold lending platform to lend your tokens. You can find some options here.
View all 7 loan ratesPlatform Coin Interest rate Nexo PAX Gold (PAXG) Earn up to 7% APY YouHodler PAX Gold (PAXG) Earn up to 12% APY Gemini PAX Gold (PAXG) Earn up to 0.01% APY Kucoin PAX Gold (PAXG) Earn up to 0.36% APY 3. Earn PAX Gold
After selecting a platform to earn your PAX Gold, transfer your PAX Gold 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.
4. Accumulate Interest
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.
Key Considerations
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.
Recent Developments
PAX Gold (PAXG) is currently priced at $7 with a 24-hour trading volume of $14.25M. The market cap of PAX Gold stands at $535.05M, with 199,956.7 PAXG in circulation. For those looking to buy or trade PAX Gold, Nexo offers avenues to do so securely and efficiently
- Market capitalization
- $535.05M
- 24-hour trading volume
- $14.25M
- Circulating supply refers to the total amount of a cryptocurrency or token that is currently available for trading in the market. It excludes tokens that are locked, reserved, or not yet released.
- 199,956.7 PAXG