How to Lend NEAR Protocol (NEAR) in the cryptocurrency market

Introduction

Lending NEAR Protocol can be an excellent choice for individuals looking to hold NEAR while earning an attractive APY. The process may seem a bit overwhelming, particularly for first-time users. To simplify this experience, we have created this comprehensive guide tailored for you.

Step-by-Step Guide

1. 1. Acquire NEAR Protocol (NEAR) Tokens

   To lend NEAR Protocol, you must first possess it. To acquire NEAR Protocol, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.

   Platform	Coin	Price
   Nexo	NEAR Protocol (NEAR)	1.5 APY
   PrimeXBT	NEAR Protocol (NEAR)	1.49 APY
   YouHodler	NEAR Protocol (NEAR)	1.49 APY
   Binance	NEAR Protocol (NEAR)	1.49 APY
   BTSE	NEAR Protocol (NEAR)	1.49 APY

   View all 59 prices

2. 2. Select a NEAR Protocol lending platform

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

   Platform	Coin	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 loan interest rates

3. 3. Lend Your NEAR Protocol for attractive APY returns

   After selecting a platform to lend your NEAR Protocol, transfer your NEAR Protocol into your wallet on the lending platform. Once the deposit is completed, it will begin to accrue APY. Some platforms offer daily interest payouts, while others may provide interest on a weekly or monthly basis.

4. 4. Earn APY on Your Assets

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

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks