Introduction
Lending Toncoin can be an excellent option for those who wish to hold TON while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.
Step-by-Step Guide
1. Obtain Toncoin (TON) Tokens
To lend Toncoin, you need to possess it. To obtain Toncoin, you'll need to purchase it. You can choose from these popular exchanges in the UK.
View all 65 pricesPlatform Coin Price PrimeXBT Toncoin (TON) 1.75 EarnPark Toncoin (TON) 1.75 YouHodler Toncoin (TON) 1.75 Binance Toncoin (TON) 1.75 BTSE Toncoin (TON) 1.75 Coinbase Toncoin (TON) 1.75 2. Choose a Toncoin Lender in the UK
Once you have TON, you'll need to choose a Toncoin lending platform to lend your tokens. You can see some options here.
View all 12 loan ratesPlatform Coin AER EarnPark Toncoin (TON) Up to 5% AER YouHodler Toncoin (TON) Up to 20% AER Blockchain.com Toncoin (TON) Up to 4% AER Coinbase Toncoin (TON) Up to 4.74% AER 3. Earn Toncoin
Once you've selected a platform to earn your Toncoin, transfer your Toncoin into your wallet on the earning platform. Once it's deposited, it will begin to accrue AER. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn AER
Now all you need to do is sit back while your cryptocurrency earns AER. The more you deposit, the more interest you can earn. Ensure that your earning platform pays compounding interest to maximise your returns.
What to Be Aware Of
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Do not lend more than you are prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Movements in the UK
Toncoin (TON) is currently priced at US$4.74 with a 24-hour trading volume of US$235.72M. The market cap of Toncoin stands at US$13.23B, with 2.54B TON in circulation. For those looking to buy or trade Toncoin, EarnPark offers avenues to do so securely and efficiently
- Market capitalisation
- US$13.23B
- 24-hour volume
- US$235.72M
- Circulating supply
- 2.54B TON
