How to Lend NEXO (NEXO) in the cryptocurrency market

Introduction

Lending NEXO can be an excellent choice for individuals looking to hold NEXO 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 NEXO (NEXO) Tokens

   To lend NEXO, you must first possess it. To acquire NEXO, 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	NEXO (NEXO)	0.92 APY
   Binance	NEXO (NEXO)	0.92 APY
   Azbit	NEXO (NEXO)	0.92 APY
   Bitfinex	NEXO (NEXO)	0.92 APY
   Bitget	NEXO (NEXO)	0.92 APY
   Bitmart	NEXO (NEXO)	0.92 APY

   View all 32 prices

2. 2. Select a NEXO lending platform

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

   Platform	Coin	APY
   Nexo	NEXO (NEXO)	Up to 12% APY

3. 3. Lend Your NEXO for attractive APY returns

   After selecting a platform to lend your NEXO, transfer your NEXO 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