How to Lend NEAR Protocol (NEAR) in Australia: A Step-by-Step Guide

Introduction

Lending NEAR Protocol can be a great option for those who want to hold NEAR while earning yield. The steps may seem a bit daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. Obtain NEAR Protocol (NEAR) Tokens
To lend NEAR Protocol, you need to possess it. To acquire NEAR Protocol, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Nexo NEAR Protocol (NEAR) 1.71
PrimeXBT NEAR Protocol (NEAR) 1.7
YouHodler NEAR Protocol (NEAR) 1.7
Binance NEAR Protocol (NEAR) 1.7
BTSE NEAR Protocol (NEAR) 1.7
See all 59 prices

Platform	Coin	Cost
Nexo	NEAR Protocol (NEAR)	1.71
PrimeXBT	NEAR Protocol (NEAR)	1.7
YouHodler	NEAR Protocol (NEAR)	1.7
Binance	NEAR Protocol (NEAR)	1.7
BTSE	NEAR Protocol (NEAR)	1.7

2. Choose a NEAR Protocol lender

Once you have NEAR, you'll need to choose a NEAR Protocol lending platform to lend your tokens. You can find some options here.

Platform	Coin	Interest rate
Nexo	NEAR Protocol (NEAR)	Up to 10% p.a.
YouHodler	NEAR Protocol (NEAR)	Up to 16% p.a.
Bitget	NEAR Protocol (NEAR)	Up to 4.2% p.a.
Blockchain.com	NEAR Protocol (NEAR)	Up to 6.5% p.a.
Coinbase	NEAR Protocol (NEAR)	Up to 9.19% p.a.

See all 12 lending rates

3. Lend Your NEAR Protocol
Once you've chosen a platform to lend your NEAR Protocol, transfer your NEAR Protocol into your wallet on the lending platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Ensure your lending platform pays compounding interest to maximise your returns.

What to Be Aware Of

Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don't lend more than you're willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.