Where and How to Lend Merit Circle (MC)

Introduction

Lending Merit Circle can be a great option for those who want to hold MC 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 Merit Circle (MC) Tokens

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

   Platform	Coin	Price
   Kraken	Merit Circle (MC)	0.21
   Bitget	Merit Circle (MC)	0.14
   Gate.io	Merit Circle (MC)	0.45
   Bitpanda	Merit Circle (MC)	0.48

   See all 4 prices

2. 2. Choose a Merit Circle Lender

   Once you have MC, you’ll need to choose a Merit Circle lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Bitget	Merit Circle (MC)	Up to 1 APY

3. 3. Lend Your Merit Circle

   Once you’ve chosen a platform to lending your Merit Circle, transfer your Merit Circle 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.