Introduction
Lending Kusama is an excellent choice for those looking to hold KSM 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. Acquire Kusama (KSM) Tokens
To lend Kusama, you must first own it. To acquire Kusama, you will need to buy it. You can select from these well-known exchanges.
View all 48 pricesPlatform Coin Cost Nexo Kusama (KSM) 15.09 Binance Kusama (KSM) 15.03 BTSE Kusama (KSM) 15 Coinbase Kusama (KSM) 15 Kraken Kusama (KSM) 15.05 OKX Kusama (KSM) 18.08 2. Select a Kusama Lender
Once you have KSM, you'll need to select a Kusama lending platform to lend your tokens. You can find some options listed here.
View all 4 loan ratesPlatform Coin Interest rate Nexo Kusama (KSM) Earn up to 12% APY Bitget Kusama (KSM) Earn up to 6% APY Kucoin Kusama (KSM) Earn up to 6% APY 3. Lend Your Kusama
After selecting a platform to lend your Kusama, transfer your Kusama 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. 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.
Recent Developments
Kusama (KSM) is currently priced at $12 with a 24-hour trading volume of $19.06M. The market cap of Kusama stands at $484.59M, with 15.96M KSM in circulation. For those looking to buy or trade Kusama, Nexo offers avenues to do so securely and efficiently
- Market capitalization
- $484.59M
- 24-hour trading volume
- $19.06M
- 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.
- 15.96M KSM