How to Lend NEAR Protocol (NEAR) in 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. 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)	1.71
   PrimeXBT	NEAR Protocol (NEAR)	1.7
   YouHodler	NEAR Protocol (NEAR)	1.7
   Binance	NEAR Protocol (NEAR)	1.71
   BTSE	NEAR Protocol (NEAR)	1.71

   View all 59 prices

2. 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. 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. 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.