Introduction
Lending Pax Dollar can be an excellent choice for those looking to hold USDP 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 Pax Dollar (USDP) Tokens in India
To lend Pax Dollar, you first need to possess it. To acquire Pax Dollar, you'll have to buy it. You can select from these popular Indian exchanges.
2. Choose a Pax Dollar Lender in India
Once you have USDP, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.
View all 6 lending rates in IndiaPlatform Coin APY Nexo Pax Dollar (USDP) Up to 14% APY YouHodler Pax Dollar (USDP) Up to 500% APY Neverless Pax Dollar (USDP) Up to 14% APY BTSE Pax Dollar (USDP) Up to 5.5% APY 3. Earn Pax Dollar in India
Once you've selected a platform to earn your Pax Dollar, transfer your Pax Dollar 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
Pax Dollar (USDP) is currently priced at $14 with a 24-hour trading volume of $87.12L. The market cap of Pax Dollar stands at $9.37Cr, with 9.36Cr USDP in circulation. For those looking to buy or trade Pax Dollar, Nexo offers avenues to do so securely and efficiently
- Market capitalization
- $9.37Cr
- 24-hour trading volume
- $87.12L
- Circulating supply in the market
- 9.36Cr USDP