Where and How to Lend PAX Gold (PAXG)

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 Guide

1. 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.

   Platform	Coin	Price
   Nexo	PAX Gold (PAXG)	2,683
   Uphold	PAX Gold (PAXG)	2,684.89
   Kraken	PAX Gold (PAXG)	2,685.71
   YouHodler	PAX Gold (PAXG)	2,684.87
   Binance	PAX Gold (PAXG)	2,682
   MEXC Global	PAX Gold (PAXG)	2,681.37

   See all 17 prices

2. 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.

   Platform	Coin	Interest rate
   Nexo	PAX Gold (PAXG)	Up to 7 APY
   YouHodler	PAX Gold (PAXG)	Up to 12 APY
   Kucoin	PAX Gold (PAXG)	Up to 0.5 APY

   See all 4 lending rates

3. 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. 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.