Introduction
Lending NKN can be a great option for those who want to hold NKN but earn yield. The steps can be a bit intimidating, particularly the first time you try them. That’s why we’ve compiled this guide for you.
Step-by-Step Guide
1. Obtain NKN (NKN) Tokens
To lend NKN, you need to have it. To get NKN, you’ll need to buy it. You can choose from these popular exchanges.
2. Choose a NKN Lender
Once you have NKN, you'll need to choose a NKN lending platform to lend your tokens. You can see some options here.
3. Earn NKN
Once you've chosen a platform to earn your NKN, transfer your NKN into your wallet on the earning 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 earning 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
NKN (NKN) is presently priced at US$0,5 with a 24-hour trading volume of US$5,32M. The market cap of NKN stands at US$66,66M, with 783M NKN in circulation. For those interested in buying or trading NKN, Kucoin offers ways to do so safely and efficiently
- Market cap
- US$66,66M
- 24h trading volume
- US$5,32M
- Circulating supply
- 783M NKN