Earn up to
0.5% APY
An in-depth guide on how to lend WAX (WAXP)
We have a lot of data on lending WAX (WAXP) and we share some of this with you.
We show you some lending options with other coins that could be of interest.
WAX (WAXP) is currently priced at $0.5 with a 24-hour trading volume of $34.01M. The market cap of WAX stands at $159.17M, with 3.5B WAXP in circulation. For those looking to buy or trade WAX, Kucoin offers avenues to do so securely and efficiently
Lending WAX can be a great option for those who want to hold WAXP 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.
In order to lend WAX, you need to have it. To obtain WAX, you'll need to purchase it. You can choose from these popular exchanges.
| Platform | Coin | Price |
|---|---|---|
| Binance | WAX (WAXP) | 0.01 |
| OKX | WAX (WAXP) | 0.02 |
| BingX | WAX (WAXP) | 0.01 |
| Bitget | WAX (WAXP) | 0.01 |
| Bitmart | WAX (WAXP) | 0.02 |
| Bitpanda | WAX (WAXP) | 0.05 |
Once you have WAXP, you'll need to choose a WAX lending platform to lend your tokens. You can see some options here.
| Platform | Coin | Interest rate |
|---|---|---|
| Kucoin | WAX (WAXP) | Up to 0.5% APY |
Once you've chosen a platform to lend your WAX, transfer your WAX 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.
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.
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.
