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Introduction

Lending Shiba Inu can be an excellent choice for those in Indonesia looking to hold SHIB while earning a yield. The process might seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide

1. 1. Acquire Shiba Inu (SHIB) Tokens in Indonesia

   To lend Shiba Inu in Indonesia, you first need to acquire it. To obtain Shiba Inu, you will need to purchase it from one of the popular exchanges available in the region.

   Platform in Indonesia	Koin	Price in Indonesia can vary significantly based on market demand and local economic conditions
   YouHodler	Shiba Inu (SHIB)	0,000007076
   Binance	Shiba Inu (SHIB)	0,00000708
   BTSE	Shiba Inu (SHIB)	0,000007091
   OKX	Shiba Inu (SHIB)	0,00001234
   Uphold	Shiba Inu (SHIB)	0,00001307
   Bake	Shiba Inu (SHIB)	0,00000709

   Check out all 42 prices available

2. 2. Select a Shiba Inu Lending Partner in Indonesia

   Once you have SHIB, you'll need to select a Shiba Inu lending platform to lend your tokens. In Indonesia, there are several options available that cater to local users. You can explore some of these platforms here.

   Platform in Indonesia	Koin	APY (Annual Percentage Yield)
   YouHodler	Shiba Inu (SHIB)	Up to 16% APY in Indonesia
   CEX.io	Shiba Inu (SHIB)	Up to 1% APY in Indonesia

   Explore all 6 lending rates available in Indonesia

3. 3. Earn Shiba Inu in Indonesia

   Once you've selected a platform to earn your Shiba Inu, transfer your Shiba Inu into your wallet on the chosen earning platform. After the deposit is made, it will begin to accrue interest. Some platforms in Indonesia offer daily interest payouts, while others may provide interest on a weekly or monthly basis.

4. 4. Earn Interest

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the more APY you can accumulate. Ensure that your earning platform offers compounding interest to maximize your returns in the Indonesian market.

What to Consider in Indonesia

Lending your cryptocurrency in Indonesia can come with its own set of risks