How to Lend Bitcoin Cash (BCH) in India

Introduction

Lending Bitcoin Cash can be an excellent choice for those looking to hold BCH 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 Bitcoin Cash (BCH) Tokens in India

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

   Platform	Coin	Cost
   Nexo	Bitcoin Cash (BCH)	595.89
   PrimeXBT	Bitcoin Cash (BCH)	593.56
   EarnPark	Bitcoin Cash (BCH)	590.96
   YouHodler	Bitcoin Cash (BCH)	594.04
   Binance	Bitcoin Cash (BCH)	594.1
   OKX	Bitcoin Cash (BCH)	593.3

   See all 57 rates

2. 2. Choose a Bitcoin Cash Lender in India

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

   Platform	Coin	APY
   Nexo	Bitcoin Cash (BCH)	Up to 11% APY
   Nebeus	Bitcoin Cash (BCH)	Up to 4.5% APY
   EarnPark	Bitcoin Cash (BCH)	Up to 5% APY
   YouHodler	Bitcoin Cash (BCH)	Up to 12% APY
   Blockchain.com	Bitcoin Cash (BCH)	Up to 2% APY

   View all 14 lending rates in India

3. 3. Lend Your Bitcoin Cash in India

   Once you've selected a platform to lend your Bitcoin Cash, transfer your Bitcoin Cash into your wallet on the lending platform. After the deposit is made, it will begin to earn APY. Some platforms offer interest payouts daily, while others may 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 returns. Ensure that your lending platform offers compounding interest to maximise your earnings.

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.