Introduction
Lending Beercoin can be an excellent choice for those looking to hold BEER 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 Beercoin (BEER) Tokens in India
To lend Beercoin, you first need to possess it. To acquire Beercoin, you'll have to buy it. You can select from these popular Indian exchanges.
See all 20 ratesPlatform Coin Cost BingX Beercoin (BEER) 0.0000033 Bitget Beercoin (BEER) 0.000003826 Bitmart Beercoin (BEER) 0.00000228 Bitpanda Beercoin (BEER) 0.0000133 CoinEx Beercoin (BEER) 0.000003304 Gate.io Beercoin (BEER) 0.000001885 2. Choose a Beercoin Lender in India
Once you have BEER, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.
Platform Coin APY Kucoin Beercoin (BEER) Up to 0.5% APY 3. Earn Beercoin in India
Once you've selected a platform to earn your Beercoin, transfer your Beercoin 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
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- Market capitalization
- $80.27L
- 24-hour trading volume
- $21.34L
- Circulating supply in the market
- 88.89KCr BEER
