Introduction
Lending Russian Ruble can be an excellent choice for those looking to hold RUB while generating yield. The process might seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.
Step-by-Step Guide for Spain 1
1. Acquire Russian Ruble (RUB) Tokens
To lend Russian Ruble, you first need to possess it. To acquire Russian Ruble, you'll have to buy it. You can select from these popular exchanges available in Spain.
2. Select a Russian Ruble Lender
Once you have RUB, you'll need to select a Russian Ruble lending platform to lend your tokens. You can explore some options here.
3. Lend Your Russian Ruble
Once you've selected a platform to lend your Russian Ruble, transfer your Russian Ruble into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Generate Earnings
Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more APY you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.
What to Keep in Mind
Lending your crypto can be risky
