Where & how to lend NEM (XEM)

Introduction

Lending NEM can be a great option for those who want to hold XEM 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

1. 1. Obtain NEM (XEM) tokens

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

   Platform	Coin	Price
   Bitpanda	NEM (XEM)	$0.018
   Uphold	NEM (XEM)	$0.017
   Wirex	NEM (XEM)	$0.0391
   OKX	NEM (XEM)	$0.0137
   Binance	NEM (XEM)	$0.016
   BingX	NEM (XEM)	$0.018

   See all 11 prices

2. 2. Choose a NEM lender

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

   Platform	Coin	Interest rate
   Kucoin	NEM (XEM)	Up to 0.3924% APY

3. 3. Lend your NEM

   Once you’ve chosen a platform to lending your NEM, transfer your NEM 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.