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Introduction

Lending Shiba Inu can be an excellent choice for those looking to hold SHIB 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 Shiba Inu (SHIB) Tokens in India

   To lend Shiba Inu, you first need to possess it. To acquire Shiba Inu, you'll have to buy it. You can select from these popular Indian exchanges.

   Platform	Coin	Cost
   YouHodler	Shiba Inu (SHIB)	0.000007076
   Binance	Shiba Inu (SHIB)	0.00000708
   BTSE	Shiba Inu (SHIB)	0.000007091
   OKX	Shiba Inu (SHIB)	0.00001234
   Uphold	Shiba Inu (SHIB)	0.00001307
   Bake	Shiba Inu (SHIB)	0.00000709

   See all 42 rates

2. 2. Choose a Shiba Inu Lender in India

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

   Platform	Coin	APY
   YouHodler	Shiba Inu (SHIB)	Up to 16% APY
   CEX.io	Shiba Inu (SHIB)	Up to 1% APY

   View all 6 lending rates in India

3. 3. Earn Shiba Inu in India

   Once you've selected a platform to earn your Shiba Inu, transfer your Shiba Inu 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.