How to Lend Moonbeam (GLMR) in Vietnam

Introduction

Lending Moonbeam is an excellent choice for those looking to hold GLMR 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 Moonbeam (GLMR) Tokens

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

   Platform	Coin	Cost
   Uphold	Moonbeam (GLMR)	0.08
   Kraken	Moonbeam (GLMR)	0.07
   OKX	Moonbeam (GLMR)	0.09
   Binance	Moonbeam (GLMR)	0.07
   BTSE	Moonbeam (GLMR)	0.07
   BingX	Moonbeam (GLMR)	0.07

   View all 39 prices

2. 2. Select a Moonbeam Lender

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

   Platform	Coin	Interest rate
   Kucoin	Moonbeam (GLMR)	Earn up to 0.5% APY

3. 3. Lend Your Moonbeam

   After selecting a platform to lend your Moonbeam, transfer your Moonbeam 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.