Introduction
Lending Zcash can be a great option for those who want to hold ZEC 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 Zcash (ZEC) tokens
In order to lend Zcash, you need to have it. To obtain Zcash, you’ll need to purchase it. You can choose from these popular exchanges.
See all 8 pricesPlatform Coin Price Bitpanda Zcash (ZEC) $27.89 Kraken Zcash (ZEC) $27.76 Binance Zcash (ZEC) $27.78 Coinbase Zcash (ZEC) $27.78 Bitmart Zcash (ZEC) $27.85 MEXC Global Zcash (ZEC) $27.44 2. Choose a Zcash lender
Once you have ZEC, you’ll need to choose a Zcash lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Zcash (ZEC) Up to 0.5% APY Gemini Zcash (ZEC) Up to 0.01% APY 3. Lend your Zcash
Once you’ve chosen a platform to lending your Zcash, transfer your Zcash 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
Zcash (ZEC) is currently priced at $27.78 with a 24-hour trading volume of $59.24M. In the last 24 hours, Zcash has seen an increase of 2.93%. The market cap of Zcash stands at 423.03M, with $15.12M ZEC in circulation. For those looking to buy or trade Zcash, reputable platforms like Bitpanda, Kraken and Binance offer avenues to do so securely and efficiently.
- Market cap
- $423.03M
- 24h Volume
- $59.24M
- Circulating supply
- $15.12M