Introduction
Lending Celsius Network can be an excellent choice for those looking to hold CEL 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 Celsius Network (CEL) Tokens in India
To lend Celsius Network, you first need to possess it. To acquire Celsius Network, you'll have to buy it. You can select from these popular Indian exchanges.
2. Choose a Celsius Network Lender in India
Once you have CEL, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.
3. Lend Your Celsius Network in India
Once you've selected a platform to lend your Celsius Network, transfer your Celsius Network 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. 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.
Latest Trends in India
- Market capitalization
- $60.89L
- 24-hour trading volume
- $4,14,954
- Circulating supply in the market
- 3.57Cr CEL
