Introduction
Lending PAX Gold can be an excellent choice for those looking to hold PAXG while earning APY. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.
Step-by-Step Anleitung
1. Acquire PAX Gold (PAXG) Tokens
To lend PAX Gold, you first need to possess it. To acquire PAX Gold, you'll have to buy it. You can select from these well-known exchanges.
View all 44 pricesPlattform Kryptowährung Price Nexo PAX Gold (PAXG) 3.337,09 APY YouHodler PAX Gold (PAXG) 3.337,08 APY Binance PAX Gold (PAXG) 3.337,09 APY Coinbase PAX Gold (PAXG) 3.335,46 APY Kraken PAX Gold (PAXG) 3.337,39 APY Luno PAX Gold (PAXG) 3.322 APY 2. Select a PAX Gold provider
Once you have PAXG, you'll need to select a PAX Gold lending platform to lend your tokens. You can explore some options here.
View all 7 lending APY ratesPlattform Kryptowährung APY Nexo PAX Gold (PAXG) Up to 7 % APY YouHodler PAX Gold (PAXG) Up to 12 % APY Gemini PAX Gold (PAXG) Up to 0,01 % APY Kucoin PAX Gold (PAXG) Up to 0,3 % APY 3. Earn PAX Gold in Germany's evolving financial landscape
Once you've selected a platform to earn your PAX Gold, transfer your PAX Gold into your wallet on the earning platform. Once it's deposited, it will begin to accrue interest. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more APY you can earn. Make sure your earning platform pays compound interest to maximize your returns.
What to Consider
Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Recent Developments
PAX Gold (PAXG) is currently priced at US$7 with a 24-hour trading volume of US$14.25M. The market cap of PAX Gold stands at US$535.05M, with 199.956,7 PAXG in circulation. For those looking to buy or trade PAX Gold, Nexo offers avenues to do so securely and efficiently
- Market capitalization
- US$535.05M
- 24h Handelsvolumen
- US$14.25M
- Circulating supply
- 199.956,7 PAXG