How to Lend Numeraire (NMR) in the cryptocurrency market

Introduction

Lending Numeraire can be an excellent choice for individuals looking to hold NMR while earning an attractive APY. The process may seem a bit overwhelming, particularly for first-time users. To simplify this experience, we have created this comprehensive guide tailored for you.

Step-by-Step Guide

1. 1. Acquire Numeraire (NMR) Tokens

   To lend Numeraire, you must first possess it. To acquire Numeraire, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.

   平台	Coin	Price
   Uphold	Numeraire (NMR)	8.2 APY
   Kraken	Numeraire (NMR)	17.43 APY
   OKX	Numeraire (NMR)	17.51 APY
   Binance	Numeraire (NMR)	17.52 APY
   BTSE	Numeraire (NMR)	17.54 APY
   Coinbase	Numeraire (NMR)	17.52 APY

   View all 45 prices

2. 2. Select a Numeraire lending platform

   Once you have NMR, you'll need to select a Numeraire lending platform to lend your tokens. You can explore several options available in the market here.

   平台	Coin	APY
   Kucoin	Numeraire (NMR)	Up to 0.5% APY

3. 3. Lend Your Numeraire for attractive APY returns

   After selecting a platform to lend your Numeraire, transfer your Numeraire into your wallet on the lending platform. Once the deposit is completed, it will begin to accrue APY. Some platforms offer daily interest payouts, while others may provide interest on a weekly or monthly basis.

4. 4. Earn APY on Your Assets

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding APY to maximize your earnings.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks