Introduction
Lending Telcoin can be a great option for those who want to hold TEL 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. Obtain Telcoin (TEL) tokens
In order to lend Telcoin, you need to have it. To obtain Telcoin, you’ll need to purchase it. You can choose from these popular exchanges.
See all 5 pricesPlatform Coin Price Bitmart Telcoin (TEL) $0.0028 BingX Telcoin (TEL) $0.0017 Kucoin Telcoin (TEL) $0.0017 Bitget Telcoin (TEL) $0.0017 Bybit Telcoin (TEL) $0.0017 2. Choose a Telcoin lender
Once you have TEL, you’ll need to choose a Telcoin lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Telcoin (TEL) Up to 0.5% APY 3. Lend your Telcoin
Once you’ve chosen a platform to lending your Telcoin, transfer your Telcoin 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. 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.
Latest movements
Telcoin (TEL) is currently priced at $0.0017 with a 24-hour trading volume of $745.94K. In the last 24 hours, Telcoin has seen an increase of 4.05%. The market cap of Telcoin stands at 126.87M, with $77.81B TEL in circulation. For those looking to buy or trade Telcoin, reputable platforms like BingX, Kucoin and Bitget offer avenues to do so securely and efficiently.
- Market cap
- $126.87M
- 24h Volume
- $745.94K
- Circulating supply
- $77.81B