At BLOX, activating lending is easier than ever before! You can easily activate lending for your favourite currency via both the BLOX app and the web version.
Make sure you are logged into your BLOX account and that your identity details are already verified. Once this is in order, you are ready to activate lending!
Follow these steps in the app to get started:
1. Open your BLOX account and go to the ‘earn’ tab.
2. Click on ‘Lending’ and go through the Lending information carefully.
3. Select the coin you want to enable Lending for (Lending can only be done with coins you have in your vault) and click ‘Activate Lending’.
4. Read the pop-up window ‘Be aware of the risks.’ carefully and then click ‘Start (coin) Lending’.
5. Close the window, your coin is now active for Lending!
If you activate Lending for a specific coin then all the coins you have of it in your vault will be lent out. Are you buying additional coins? Then these are automatically added and earn instant returns.
For each crypto-currency, you need to enable Lending separately. If you want to lend both Bitcoin and Ethereum, make sure you activate Lending for both coins.
Congratulations! You've successfully activated lending. 🎉