How to Lend Nimiq (NIM) in the cryptocurrency market

Introduction

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

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

   Platform	Coin	Price
   CoinEx	Nimiq (NIM)	0.0006938 APY
   Gate.io	Nimiq (NIM)	0.0006884 APY
   HTX	Nimiq (NIM)	0 APY
   MEXC Global	Nimiq (NIM)	0.000691 APY

   View all 8 prices

2. 2. Select a Nimiq lending platform

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

   Platform	Coin	APY
   Kucoin	Nimiq (NIM)	Up to 16% APY

3. 3. Lend Your Nimiq for attractive APY returns

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