Where and How to Lend Reef (REEF)

Introduction

Lending Reef can be a great option for those who want to hold REEF but earn yield. The steps can be a bit daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-step guide

1. 1. Obtain Reef (REEF) Tokens

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

   Platform	Coin	Price
   BingX	Reef (REEF)	0,0004311
   Bitget	Reef (REEF)	0
   Bitpanda	Reef (REEF)	0
   Bybit	Reef (REEF)	0,0004742
   CoinEx	Reef (REEF)	0,0002369
   FMFW.io	Reef (REEF)	0,0007806

   See all 19 prices

2. 2. Choose a Reef Lender

   Once you have REEF, you’ll need to choose a Reef lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Kucoin	Reef (REEF)	Up to 0,5% APY

3. 3. Lend Your Reef

   Once you’ve chosen a platform to lend your Reef, transfer your Reef into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others pay 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 lending platform pays compound 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.