How to Lend Conflux (CFX) in Vietnam

Introduction

Lending Conflux is an excellent choice for those looking to hold CFX while earning yield. The process may seem intimidating at first, which is why we've created this guide to help you navigate it.

Comprehensive Guide

1. 1. Acquire Conflux (CFX) Tokens

   To lend Conflux, you must first own it. To acquire Conflux, you will need to buy it. You can select from these well-known exchanges.

   Platform	Coin	Cost
   PrimeXBT	Conflux (CFX)	0.07
   Binance	Conflux (CFX)	0.07
   OKX	Conflux (CFX)	0.09
   BingX	Conflux (CFX)	0.07
   Bitget	Conflux (CFX)	0.07
   Bitmart	Conflux (CFX)	0.07

   View all 37 prices

2. 2. Select a Conflux Lender

   Once you have CFX, you'll need to select a Conflux lending platform to lend your tokens. You can find some options listed here.

   Platform	Coin	Interest rate
   Bitget	Conflux (CFX)	Earn up to 1% APY
   Kucoin	Conflux (CFX)	Earn up to 11% APY

3. 3. Lend Your Conflux

   After selecting a platform to lend your Conflux, transfer your Conflux into your wallet on that platform. Once deposited, it will begin to earn interest. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Grow Your Savings

   Now all you need to do is relax while your crypto accumulates interest. The more you deposit, the greater your potential earnings. Ensure that your lending platform offers compounding interest to maximize your returns.

Things to Consider

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing. Only lend what you can afford to lose. Review their lending practices, read user reviews, and understand how they secure your cryptocurrency.