Where & How to Lend Conflux (CFX)

Introduction

Lending Conflux can be a great option for those who want to hold CFX but earn yield. The steps can be a little 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 Conflux (CFX) Tokens

   In order to lend Conflux, you need to have it. To obtain Conflux, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	Conflux (CFX)	$0.1586
   OKX	Conflux (CFX)	$0.1572
   Binance	Conflux (CFX)	$0.1572
   BingX	Conflux (CFX)	$0.1586
   Bitmart	Conflux (CFX)	$0.1598
   Kucoin	Conflux (CFX)	$0.1573

   See all 7 prices

2. 2. Choose a Conflux Lender

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

   Platform	Coin	Interest rate
   OKX	Conflux (CFX)	Up to 1% APY

3. 3. Lend Your Conflux

   Once you’ve chosen a platform to lending your Conflux, transfer your Conflux into your wallet in the lending 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 lending 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.