Earn up to
14% APY in India
An in-depth guide on how to earn Dai (DAI) in India
We have extensive data on earning Dai (DAI), and we are excited to share some of this information with you.
We present you with various earning opportunities using different coins that may pique your interest.
Dai (DAI) is currently priced at $16 with a 24-hour trading volume of $14.71Cr. The market cap of Dai stands at $341.36Cr, with 341.41Cr DAI in circulation. For those looking to buy or trade Dai, Nexo offers avenues to do so securely and efficiently
Lending 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.
To lend Dai, you first need to possess it. To acquire Dai, you'll have to buy it. You can select from these popular Indian exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Uphold | Dai (DAI) | 1 |
| BingX | Dai (DAI) | 1 |
Once you have DAI, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.
Once you've selected a platform to earn your Dai, transfer your 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.
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.
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.
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