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

Introduction

Lending NEAR Protocol can be an excellent option for those who wish to hold NEAR while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.

Step-by-Step Guide

1. Obtain NEAR Protocol (NEAR) Tokens
To lend NEAR Protocol, you need to possess it. To obtain NEAR Protocol, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
Nexo NEAR Protocol (NEAR) 1.58
PrimeXBT NEAR Protocol (NEAR) 1.58
YouHodler NEAR Protocol (NEAR) 1.58
Binance NEAR Protocol (NEAR) 1.58
BTSE NEAR Protocol (NEAR) 1.57
View all 59 prices

Platform	Coin	Price
Nexo	NEAR Protocol (NEAR)	1.58
PrimeXBT	NEAR Protocol (NEAR)	1.58
YouHodler	NEAR Protocol (NEAR)	1.58
Binance	NEAR Protocol (NEAR)	1.58
BTSE	NEAR Protocol (NEAR)	1.57

2. Choose a NEAR Protocol Lender in the UK

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	AER
Nexo	NEAR Protocol (NEAR)	Up to 10% AER
YouHodler	NEAR Protocol (NEAR)	Up to 16% AER
Bitget	NEAR Protocol (NEAR)	Up to 4.2% AER
Blockchain.com	NEAR Protocol (NEAR)	Up to 6.5% AER
Coinbase	NEAR Protocol (NEAR)	Up to 9.19% AER

View all 12 loan rates

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

What to Be Aware Of

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