Where and How to Earn NEAR Protocol (NEAR)

Introduction

Lending NEAR Protocol can be an excellent choice for those looking to hold NEAR while generating returns. The process may seem overwhelming, particularly for first-time users. That’s why we’ve created this guide specifically for you.

Step-by-Step Guide for UAE Residents

1. 1. Acquire NEAR Protocol (NEAR) Tokens

   To lend NEAR Protocol, you must first acquire it. To obtain NEAR Protocol, you will need to purchase it. You can select from these well-known exchanges available in the UAE.

   Platform	Cryptocurrency	Price
   Nexo	NEAR Protocol (NEAR)	1.57
   PrimeXBT	NEAR Protocol (NEAR)	1.56
   YouHodler	NEAR Protocol (NEAR)	1.56
   Binance	NEAR Protocol (NEAR)	1.56
   BTSE	NEAR Protocol (NEAR)	1.56

   View all 59 prices

2. 2. Select a NEAR Protocol provider in the UAE

   Once you have NEAR, you'll need to select a NEAR Protocol lending platform to lend your tokens. You can explore some options available in the UAE market here.

   Platform	Cryptocurrency	APY
   Nexo	NEAR Protocol (NEAR)	Up to 10% APY
   YouHodler	NEAR Protocol (NEAR)	Up to 16% APY
   Bitget	NEAR Protocol (NEAR)	Up to 4.2% APY
   Blockchain.com	NEAR Protocol (NEAR)	Up to 6.5% APY
   Coinbase	NEAR Protocol (NEAR)	Up to 9.19% APY

   View all 12 financing rates

3. 3. Earn NEAR Protocol

   Once you've selected a platform to earn your NEAR Protocol, transfer your NEAR Protocol into your wallet on the earning platform. Once it's deposited, it will begin to accrue APY. Some platforms offer daily interest payments, while others may pay out weekly or monthly.

4. 4. Earn APY on Your Investments

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

What to Consider in the UAE Market

Lending your cryptocurrency can carry certain risks. It’s essential to conduct thorough research before depositing your cryptocurrency. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.