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How to buy Pendle (PENDLE)
Learn how to buy Pendle (PENDLE) easily by following a step-by-step guide and comparing 10+ crypto exchanges.
How to buy Pendle
1. Compare crypto exchanges
The easiest way to buy Pendle is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
2. Create an account
To create an account on an exchange you will need to verify your email address and identity. Have some photo ID and your phone ready.
3. Make a deposit
Once verified, you can deposit $ using the payment method that best suits you – credit card, cryptocurrency, paypal and transferwise payments are all widely accepted.
4. Buy Pendle
You can now exchange your funds for Pendle. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your Pendle to your personal wallet.
Where to buy Pendle
Find an exchange to buy, sell and trade PENDLE by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Steps on how to buy Pendle
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Pendle.
- Compare cryptocurrency exchanges that supports PENDLE.
Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
- Create an account on an exchange.
You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Pendle.
- Buy Pendle.
Complete your Pendle purchase and then find the best wallet to store PENDLE.
What to consider when buying PendlePENDLE is the native utility token of the Pendle protocol, and investors of PENDLE should keep risks in mind, including:
- HODLING. Long term holders can earn rewards for providing liquidity to pools available on the AMM. It is important to note that a hybrid inflation model was adopted by the protocol allowing a rate of 2% per annum after a 260 week period.
- Future of the token. In the future, the token may also be used for governance. As such, holders of the token will be able to make proposals and vote on the future direction of the AMM.
- Fluctuations. Price appreciation for PENDLE largely depends on the adoption of the Pendle AMM and the expansion of the protocol's assets. The Pendle protocol is reliant on the yield tokens of other DeFi protocols, like Aave and Compound.
How to sell Pendle
You can cash out your PENDLE with the same exchange you bought it through:
- Sign in to the exchange you have PENDLE on.
If you store your Pendle in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of PENDLE you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Pendle.
Disclaimer: Cryptocurrencies, including Pendle, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of PENDLE is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Pendle or any other cryptocurrency discussed.
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