Where and How to Earn Nimiq (NIM)

Introduction

Lending Nimiq can be an excellent choice for those looking to hold NIM 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 Nimiq (NIM) Tokens

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

   Platform	Cryptocurrency	Price
   CoinEx	Nimiq (NIM)	0.0007079
   Gate.io	Nimiq (NIM)	0.0007111
   HTX	Nimiq (NIM)	0
   MEXC Global	Nimiq (NIM)	0.000706

   View all 8 prices

2. 2. Select a Nimiq provider in the UAE

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

   Platform	Cryptocurrency	APY
   Kucoin	Nimiq (NIM)	Up to 16% APY

3. 3. Earn Nimiq

   Once you've selected a platform to earn your Nimiq, transfer your Nimiq 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.