Where and How to Lend Enjin Coin (ENJ)

Introduction

Lending Enjin Coin can be a great option for those who want to hold ENJ 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. 1. Obtain Enjin Coin (ENJ) Tokens

   In order to lend Enjin Coin, you need to have it. To obtain Enjin Coin, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	Enjin Coin (ENJ)	0.28
   Kraken	Enjin Coin (ENJ)	0.28
   OKX	Enjin Coin (ENJ)	0.28
   Binance	Enjin Coin (ENJ)	0.28
   Coinbase	Enjin Coin (ENJ)	0.28

   See all 21 prices

2. 2. Choose a Enjin Coin Lender

   Once you have ENJ, you’ll need to choose a Enjin Coin lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Kucoin	Enjin Coin (ENJ)	Up to 0.09 APY
   OKX	Enjin Coin (ENJ)	Up to 1 APY

3. 3. Lend Your Enjin Coin

   Once you’ve chosen a platform to lending your Enjin Coin, transfer your Enjin Coin 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. 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.