Where and How to Lend Nimiq (NIM)

Introduction

Lending Nimiq can be a great option for those who want to hold NIM but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Acquire Nimiq (NIM) Tokens

   To be able to lend Nimiq, you need to have it. To get Nimiq, you’ll have to buy it. You can pick from these popular exchanges.

   Platform	Coin	Price
   MEXC Global	Nimiq (NIM)	0.000733
   Gate.io	Nimiq (NIM)	0.0007378
   CoinEx	Nimiq (NIM)	0.0007303
   HTX	Nimiq (NIM)	0

   See all 8 prices

2. 2. Choose a Nimiq Lender

   Once you have NIM, you’ll need to choose a Nimiq lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Kucoin	Nimiq (NIM)	Up to 16 APY

3. 3. Lend Your Nimiq

   Once you’ve chosen a platform to lend your Nimiq, transfer your Nimiq into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly or monthly.

4. 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. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Make sure 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.