Where and How to Earn Binance-Peg DAI (DAI) in India

Introduction

Lending Binance-Peg DAI can be an excellent choice for those looking to hold DAI 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. 1. Acquire Binance-Peg DAI (DAI) Tokens in India

   To lend Binance-Peg DAI, you first need to possess it. To acquire Binance-Peg DAI, you'll have to buy it. You can select from these popular Indian exchanges.

   Platform	Coin	Cost
   EarnPark	Binance-Peg DAI (DAI)	1
   YouHodler	Binance-Peg DAI (DAI)	1
   Kraken	Binance-Peg DAI (DAI)	1
   OKX	Binance-Peg DAI (DAI)	1
   Crypto.com	Binance-Peg DAI (DAI)	1
   Gate.io	Binance-Peg DAI (DAI)	1

   See all 22 rates

2. 2. Choose a Binance-Peg DAI Lender in India

   Once you have DAI, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.

   Platform	Coin	APY
   YouHodler	Binance-Peg DAI (DAI)	Up to 500% APY
   EarnPark	Binance-Peg DAI (DAI)	Up to 7% APY
   SwissBorg	Binance-Peg DAI (DAI)	Up to 4.81% APY

   View all 8 lending rates in India

3. 3. Earn Binance-Peg DAI in India

   Once you've selected a platform to earn your Binance-Peg DAI, transfer your Binance-Peg DAI 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. 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.