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

Introduction

Lending NEAR Protocol can be a great option for those who want to hold NEAR but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain NEAR Protocol (NEAR) Tokens
In order to lend NEAR Protocol, you need to have it. To obtain NEAR Protocol, you’ll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo NEAR Protocol (NEAR) 5,07
PrimeXBT NEAR Protocol (NEAR) 5,05
M2 NEAR Protocol (NEAR) 5,05
Uphold NEAR Protocol (NEAR) 5,05
OKX NEAR Protocol (NEAR) 5,06
YouHodler NEAR Protocol (NEAR) 5,05
See all 31 prices

Platform	Coin	Price
Nexo	NEAR Protocol (NEAR)	5,07
PrimeXBT	NEAR Protocol (NEAR)	5,05
M2	NEAR Protocol (NEAR)	5,05
Uphold	NEAR Protocol (NEAR)	5,05
OKX	NEAR Protocol (NEAR)	5,06
YouHodler	NEAR Protocol (NEAR)	5,05

2. Choose a NEAR Protocol Lender

Once you have NEAR, you’ll need to choose a NEAR Protocol lending platform to lend your tokens. You can see some options here.

Platform	Coin	Interest rate
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
Kucoin	NEAR Protocol (NEAR)	Up to 9,3 APY
Blockchain.com	NEAR Protocol (NEAR)	Up to 6,5 APY

See all 7 lending rates

3. Lend Your NEAR Protocol
Once you’ve chosen a platform to lending your NEAR Protocol, transfer your NEAR Protocol into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.

Latest Movements

NEAR Protocol (NEAR) is currently priced at US$4.2 with a 24-hour trading volume of US$324.7M. The market cap of NEAR Protocol stands at US$5.89B, with US$1.17B NEAR in circulation. For those looking to buy or trade NEAR Protocol, Nexo offers avenues to do so securely and efficiently}

Market cap: US$5.89B
24h volume: US$324.7M
Circulating supply: US$1.17B

See latest information

Frequently Asked Questions About Lending NEAR Protocol (NEAR)

What are the current lending rates for Near Protocol?: Near Protocol lending rates vary across platforms. Check Bitcompare for real-time price comparisons and latest updates. Stay informed by visiting regularly and bookmarking the page to make well-informed decisions.
How often do Near Protocol lending rates change?: Lending rates can change frequently due to market dynamics. Visit Bitcompare regularly for the latest Near Protocol lending rates and updates.
Where can I compare Near Protocol lending rates?: Bitcompare offers tools for real-time price comparisons and analysis of Near Protocol lending rates across reputable exchanges. Checking regularly keeps you informed.
Are there tools available for Near Protocol lending rates analysis?: Yes, Bitcompare provides sentiment analysis, price comparisons, and real-time updates for Near Protocol lending rates. Regular visits can enhance your knowledge.
Can I receive alerts for Near Protocol lending rate changes?: On Bitcompare, you can set up email alerts for updates on Near Protocol lending rates. Stay proactive by utilizing this feature and checking the site often.
How can I stay updated on Near Protocol news and events?: Access the latest Near Protocol news and events on Bitcompare. Regular checks ensure you're up-to-date with cryptocurrency market developments.
Why should I use Bitcompare for Near Protocol rate information?: Bitcompare is a trusted platform for crypto comparisons, offering real-time data on Near Protocol rates. Regular updates assist in informed decision-making.
Is there a way to assess the market sentiment for Near Protocol?: Market sentiment analysis for Near Protocol is available on Bitcompare. This gives insights into market moods, aiding in understanding trends.
How can bookmarking the Bitcompare page be beneficial?: Bookmarking Bitcompare ensures quick access to Near Protocol updates and tools, helping you stay ahead in the fast-paced crypto market.