How to Lend NEM (XEM) in Vietnam

Introduction

Lending NEM is an excellent choice for those looking to hold XEM 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 NEM (XEM) Tokens

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

   Platform	Coin	Cost
   Binance	NEM (XEM)	0.02
   BingX	NEM (XEM)	0
   Bitget	NEM (XEM)	0
   Bitmart	NEM (XEM)	0
   Bitpanda	NEM (XEM)	0.03
   Bybit	NEM (XEM)	0

   View all 25 prices

2. 2. Select a NEM Lender

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

   Platform	Coin	Interest rate
   Kucoin	NEM (XEM)	Earn up to 0.5% APY

3. 3. Lend Your NEM

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