How to Lend 1inch (1INCH)

Introduction

Lending 1inch can be an excellent choice for those looking to hold 1INCH while earning APY. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire 1inch (1INCH) Tokens

   To lend 1inch, you first need to possess it. To acquire 1inch, you'll have to buy it. You can select from these well-known exchanges.

   Plattform	Kryptowährung	Price
   Nexo	1inch (1INCH)	0,15 APY
   PrimeXBT	1inch (1INCH)	0,15 APY
   YouHodler	1inch (1INCH)	0,15 APY
   Binance	1inch (1INCH)	0,15 APY
   BTSE	1inch (1INCH)	0,15 APY
   Coinbase	1inch (1INCH)	0,15 APY

   View all 61 prices

2. 2. Select a 1inch provider

   Once you have 1INCH, you'll need to select a 1inch lending platform to lend your tokens. You can explore some options here.

   Plattform	Kryptowährung	APY
   Nebeus	1inch (1INCH)	Up to 13 % APY
   YouHodler	1inch (1INCH)	Up to 12 % APY
   Aave	1inch (1INCH)	Up to 0,09 % APY

   View all 9 lending APY rates

3. 3. Lend Your 1inch in Germany

   Once you've selected a platform to lend your 1inch, transfer your 1inch into your wallet on the lending platform. Once it's deposited, it will begin to accrue APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform offers compounding interest to maximize your returns.

What to Consider

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.