How to Lend Ethereum Name Service (ENS) in India

Introduction

Lending Ethereum Name Service can be an excellent choice for those looking to hold ENS 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 Ethereum Name Service (ENS) Tokens in India

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

   Platform	Coin	Cost
   PrimeXBT	Ethereum Name Service (ENS)	9.48
   Binance	Ethereum Name Service (ENS)	9.49
   BTSE	Ethereum Name Service (ENS)	9.49
   Coinbase	Ethereum Name Service (ENS)	9.48
   Kraken	Ethereum Name Service (ENS)	9.48
   OKX	Ethereum Name Service (ENS)	24.74

   See all 62 rates

2. 2. Choose a Ethereum Name Service Lender in India

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

   Platform	Coin	APY
   Aave	Ethereum Name Service (ENS)	Up to 0.02% APY
   Kucoin	Ethereum Name Service (ENS)	Up to 0.5% APY

   View all 4 lending rates in India

3. 3. Lend Your Ethereum Name Service in India

   Once you've selected a platform to lend your Ethereum Name Service, transfer your Ethereum Name Service 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.