How to Lend NEAR Protocol (NEAR): A Step-by-Step Guide for German Investors

Introduction

Lending NEAR Protocol can be an excellent choice for those looking to hold NEAR 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. Acquire NEAR Protocol (NEAR) Tokens
To lend NEAR Protocol, you first need to possess it. To acquire NEAR Protocol, you'll have to buy it. You can select from these well-known exchanges.
Plattform Kryptowährung Price
Nexo NEAR Protocol (NEAR) 1,6 APY
PrimeXBT NEAR Protocol (NEAR) 1,6 APY
YouHodler NEAR Protocol (NEAR) 1,6 APY
Binance NEAR Protocol (NEAR) 1,6 APY
BTSE NEAR Protocol (NEAR) 1,58 APY
View all 59 prices

Plattform	Kryptowährung	Price
Nexo	NEAR Protocol (NEAR)	1,6 APY
PrimeXBT	NEAR Protocol (NEAR)	1,6 APY
YouHodler	NEAR Protocol (NEAR)	1,6 APY
Binance	NEAR Protocol (NEAR)	1,6 APY
BTSE	NEAR Protocol (NEAR)	1,58 APY

2. Select a NEAR Protocol provider

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

Plattform	Kryptowährung	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 lending APY rates

3. Lend Your NEAR Protocol in Germany
Once you've selected a platform to lend your NEAR Protocol, transfer your NEAR Protocol 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. 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.