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. Get Nimiq (NIM) Tokens

   To lend Nimiq, you need to have it. To get Nimiq, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Loonies	Price
   MEXC Global	Nimiq (NIM)	0.000758
   Gate.io	Nimiq (NIM)	0.0007615
   CoinEx	Nimiq (NIM)	0.0007647
   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	Loonies	Interest rate
   Kucoin	Nimiq (NIM)	Up to 16 annual percentage yield

3. 3. Lend Your Nimiq

   Once you’ve chosen a platform for lending your Nimiq, transfer your Nimiq into your wallet on the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others pay 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 maximize your returns.

What to be Aware of

Loaning 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 out their lending practices, reviews, and how they secure your cryptocurrency.