Introduction
Lending PAX Gold can be a great option for those who want to hold PAXG 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
1. Obtain PAX Gold (PAXG) tokens
In order to lend PAX Gold, you need to have it. To obtain PAX Gold, you’ll need to purchase it. You can choose from these popular exchanges.
See all 15 pricesPlatform Coin Price YouHodler PAX Gold (PAXG) $2,588 Uphold PAX Gold (PAXG) $2,498 Wirex PAX Gold (PAXG) $2,307 Kraken PAX Gold (PAXG) $2,591 Binance PAX Gold (PAXG) $2,589 Bitmart PAX Gold (PAXG) $2,314 2. Choose a PAX Gold lender
Once you have PAXG, you’ll need to choose a PAX Gold lending platform to lend your tokens. You can see some options here.
See all 4 lending ratesPlatform Coin Interest rate Nexo PAX Gold (PAXG) Up to 7% APY YouHodler PAX Gold (PAXG) Up to 11% APY Kucoin PAX Gold (PAXG) Up to 0.5% APY 3. Lend your PAX Gold
Once you’ve chosen a platform to lending your PAX Gold, transfer your PAX Gold 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
PAX Gold (PAXG) is currently priced at $2,591 with a 24-hour trading volume of $12.58M. In the last 24 hours, PAX Gold has seen an increase of 0.41%. The market cap of PAX Gold stands at 492.19M, with $189.93K PAXG in circulation. For those looking to buy or trade PAX Gold, reputable platforms like YouHodler, Kraken and BingX offer avenues to do so securely and efficiently.
- Market cap
- $492.19M
- 24h Volume
- $12.58M
- Circulating supply
- $189.93K