Latest Movements in the Market
- Market capitalisation
- US$110 437
- Circulating supply
- 317,22B phx
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USDCImportant Notice
Lending PHOENIX can be an excellent choice for those looking to hold phx while earning a return. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.
To lend PHOENIX, you first need to possess it. To acquire PHOENIX, you'll need to buy it. You can select from these well-known exchanges.
| Platform | Mint | Cost |
|---|---|---|
| Bitpanda | PHOENIX (phx) | 2,11 |
| Bybit | PHOENIX (phx) | 0,28 |
| CoinEx | PHOENIX (phx) | 0,28 |
| Phemex | PHOENIX (phx) | 0,28 |
Once you have phx, you'll need to select a PHOENIX lending platform to lend your tokens. You can explore some options here.
Once you've selected a platform to lend your PHOENIX, transfer your PHOENIX into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.
Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
