Introduction
Lending 1inch can be an excellent choice for those looking to hold 1INCH while earning returns. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this comprehensive guide tailored for you.
Step-by-Step Guide for Indian Investors
1. Acquire 1inch (1INCH) Tokens in India
To lend 1inch, you first need to possess it. To acquire 1inch, you'll have to buy it. You can select from these popular Indian exchanges.
See all 61 ratesPlatform Coin Cost Nexo 1inch (1INCH) 0.28 PrimeXBT 1inch (1INCH) 0.28 YouHodler 1inch (1INCH) 0.28 Binance 1inch (1INCH) 0.28 BTSE 1inch (1INCH) 0.28 Coinbase 1inch (1INCH) 0.28 2. Choose a 1inch Lender in India
Once you have 1INCH, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.
View all 9 lending rates in IndiaPlatform Coin APY 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 in India
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 earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest in India
Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential earnings. Ensure that your chosen platform offers compounding interest to maximise your returns in the Indian market.
What to Keep in Mind
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto assets. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Trends in India
1inch (1INCH) is currently priced at $0.09 with a 24-hour trading volume of $7.32Cr. The market cap of 1inch stands at $53.42Cr, with 139.74Cr 1INCH in circulation. For those looking to buy or trade 1inch, Nebeus offers avenues to do so securely and efficiently
- Market capitalization
- $53.42Cr
- 24-hour trading volume
- $7.32Cr
- Circulating supply in the market
- 139.74Cr 1INCH