Where and How to Earn WAX (WAXP)

Introduction

Lending WAX can be a great option for those who want to hold WAXP 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. 1. Obtain WAX (WAXP) Tokens

   To lend WAX, you need to have it. To get WAX, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   OKX	WAX (WAXP)	0,02
   Binance	WAX (WAXP)	0,02
   MEXC Global	WAX (WAXP)	0,02
   Bitget	WAX (WAXP)	0,02
   Bitmart	WAX (WAXP)	0,02
   Kucoin	WAX (WAXP)	0,02

   See all 29 prices

2. 2. Choose a WAX Lender

   Once you have WAXP, you'll need to choose a WAX lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Kucoin	WAX (WAXP)	Up to 0,5% APY

3. 3. Earn WAX

   Once you've chosen a platform to earn your WAX, transfer your WAX 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. 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.