Introduction
Lending Reef can be a great option for those who want to hold REEF 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 Reef (REEF) Tokens
In order to lend Reef, you need to have it. To obtain Reef, you’ll need to purchase it. You can choose from these popular exchanges.
See all 12 pricesPlatform Coin Price Bitpanda Reef (REEF) 0.00 Binance Reef (REEF) 0.00 BTSE Reef (REEF) 0.00 Bitmart Reef (REEF) 0.00 MEXC Global Reef (REEF) 0.00 BingX Reef (REEF) 0.00 2. Choose a Reef Lender
Once you have REEF, you’ll need to choose a Reef lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Reef (REEF) Up to 0.50 APY 3. Lend Your Reef
Once you’ve chosen a platform to lending your Reef, transfer your Reef 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
Reef (REEF) is currently priced at $0.50 with a 24-hour trading volume of $11.45M. The market cap of Reef stands at $53.98M, with $38.53B REEF in circulation. For those looking to buy or trade Reef, Kucoin offers avenues to do so securely and efficiently}
- Market cap
- $53.98M
- 24h volume
- $11.45M
- Circulating supply
- $38.53B