How to Lend Enjin Coin (ENJ) in India: A Step-by-Step Guide

Introduction

Lending Enjin Coin can be an excellent choice for those looking to hold ENJ 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 Enjin Coin (ENJ) Tokens in India
To lend Enjin Coin, you first need to possess it. To acquire Enjin Coin, you'll have to buy it. You can select from these popular Indian exchanges.
Platform Coin Cost
Binance Enjin Coin (ENJ) 0.03
BTSE Enjin Coin (ENJ) 0.03
Coinbase Enjin Coin (ENJ) 0.29
Kraken Enjin Coin (ENJ) 0.03
OKX Enjin Coin (ENJ) 0.1
Bake Enjin Coin (ENJ) 0.03
See all 50 rates
2. Choose a Enjin Coin Lender in India
Once you have ENJ, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.
Platform Coin APY
Kucoin Enjin Coin (ENJ) Up to 4% APY
3. Lend Your Enjin Coin in India
Once you've selected a platform to lend your Enjin Coin, transfer your Enjin Coin 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.

Platform	Coin	Cost
Binance	Enjin Coin (ENJ)	0.03
BTSE	Enjin Coin (ENJ)	0.03
Coinbase	Enjin Coin (ENJ)	0.29
Kraken	Enjin Coin (ENJ)	0.03
OKX	Enjin Coin (ENJ)	0.1
Bake	Enjin Coin (ENJ)	0.03

Platform	Coin	APY
Kucoin	Enjin Coin (ENJ)	Up to 4% APY

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.