Introduction to the world of cryptocurrency can be both exciting and daunting
Lending 1inch can be an excellent choice for those looking to hold 1INCH while earning yield. The process may seem a bit intimidating, particularly for first-timers. That's why we've created this guide to help you navigate through it.
Step-by-Step Guide 1
1. Acquire 1inch (1INCH) Tokens
To lend 1inch, you must first possess it. To acquire 1inch, you'll need to purchase it. You can select from these well-known exchanges.
See all 61 pricesPlatform Coin Price Nexo 1inch (1INCH) 0,15 PrimeXBT 1inch (1INCH) 0,15 YouHodler 1inch (1INCH) 0,15 Binance 1inch (1INCH) 0,15 BTSE 1inch (1INCH) 0,15 Coinbase 1inch (1INCH) 0,15 2. Select a 1inch Lender
Once you have 1INCH, you'll need to select a 1inch lending platform to lend your tokens. You can explore some options here.
See all 9 lending ratesPlatform Coin Interest rate Nebeus 1inch (1INCH) Up to 13% APY YouHodler 1inch (1INCH) Up to 12% APY Aave 1inch (1INCH) Up to 0,09% APY 3. Earn 1inch with competitive rates that allow you to maximize your investments
Once you've selected a platform to earn your 1inch, transfer your 1inch into your wallet on the earning platform. Once it's deposited, it will begin to accrue interest. Some platforms offer interest payments 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. Ensure that your earning platform offers compounding APY to maximise your returns.
What to be Aware of
Lending your cryptocurrency can involve risks. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Movements
1inch (1INCH) is currently priced at US$0.09 with a 24-hour trading volume of US$73.19M. The market cap of 1inch stands at US$534.19M, with 1,4B 1INCH in circulation. For those looking to buy or trade 1inch, Nebeus offers avenues to do so securely and efficiently
- Market cap
- US$534.19M
- 24h volume
- US$73.19M
- Circulating supply
- 1,4B 1INCH
