Introduction
Lending Enjin Coin can be a great option for those who want to hold ENJ but earn yield. The steps can be a bit intimidating, particularly the first time you try them. That’s why we’ve compiled this guide for you.
Step-by-Step Guide
1. Obtain Enjin Coin (ENJ) Tokens
To lend Enjin Coin, you need to have it. To get Enjin Coin, you’ll need to buy it. You can choose from these popular exchanges.
See all 50 pricesPlatform Coin Price Kraken Enjin Coin (ENJ) 0,06 OKX Enjin Coin (ENJ) 0,1 Binance Enjin Coin (ENJ) 0,06 BTSE Enjin Coin (ENJ) 0,06 Coinbase Enjin Coin (ENJ) 0,29 MEXC Global Enjin Coin (ENJ) 0,06 2. Choose a Enjin Coin Lender
Once you have ENJ, you'll need to choose a Enjin Coin lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Enjin Coin (ENJ) Up to 4% APY 3. Earn Enjin Coin
Once you've chosen a platform to earn your Enjin Coin, transfer your Enjin Coin into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your earning platform pays compounding interest to maximise your returns.
What to be Aware of
Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
Enjin Coin (ENJ) is presently priced at US$4 with a 24-hour trading volume of US$20,28M. The market cap of Enjin Coin stands at US$360,31M, with 1,79B ENJ in circulation. For those interested in buying or trading Enjin Coin, Kucoin offers ways to do so safely and efficiently
- Market cap
- US$360,31M
- 24h trading volume
- US$20,28M
- Circulating supply
- 1,79B ENJ