Introduction
Lending AMP Token can be a great option for those who want to hold AMP 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 Guide
1. Obtain AMP Token (AMP) Tokens
In order to lend AMP Token, you need to have it. To obtain AMP Token, you’ll need to purchase it. You can choose from these popular exchanges.
See all 8 pricesPlatform Coin Price Uphold AMP Token (AMP) $0.0039 Binance AMP Token (AMP) $0.0039 Coinbase AMP Token (AMP) $0.0039 BingX AMP Token (AMP) $0.0039 Bitmart AMP Token (AMP) $0.0039 Kucoin AMP Token (AMP) $0.0039 2. Choose a AMP Token Lender
Once you have AMP, you’ll need to choose a AMP Token lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Gemini AMP Token (AMP) Up to 0.01% APY 3. Lend Your AMP Token
Once you’ve chosen a platform to lending your AMP Token, transfer your AMP Token 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
AMP Token (AMP) is currently priced at $0.01 with a 24-hour trading volume of $64.31M. The market cap of AMP Token stands at 325.08M, with $80.72B AMP in circulation. For those looking to buy or trade AMP Token, Gemini offers avenues to do so securely and efficiently.
- Market cap
- $325.08M
- 24h Volume
- $64.31M
- Circulating supply
- $80.72B