Introduction
Lending Covalent Query Token can be an excellent choice for those looking to hold CQT 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 Covalent Query Token (CQT) Tokens in India
To lend Covalent Query Token, you first need to possess it. To acquire Covalent Query Token, you'll have to buy it. You can select from these popular Indian exchanges.
2. Choose a Covalent Query Token Lender in India
Once you have CQT, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.
3. Earn Covalent Query Token in India
Once you've selected a platform to earn your Covalent Query Token, transfer your Covalent Query Token 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
- Market capitalization
- $30.62L
- 24-hour trading volume
- $19,417.59
- Circulating supply in the market
- 85.62Cr CQT