How to Lend MANTRA (OM) in India

Introduction

Lending MANTRA can be an excellent choice for those looking to hold OM 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 MANTRA (OM) Tokens in India

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

   Platform	Coin	Cost
   PrimeXBT	MANTRA (OM)	0.07
   YouHodler	MANTRA (OM)	0.07
   Binance	MANTRA (OM)	0.07
   BTSE	MANTRA (OM)	0.16
   Kraken	MANTRA (OM)	0.07
   OKX	MANTRA (OM)	6.89

   See all 44 rates

2. 2. Choose a MANTRA Lender in India

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

   Platform	Coin	APY
   YouHodler	MANTRA (OM)	Up to 30% APY
   Kucoin	MANTRA (OM)	Up to 0.5% APY

3. 3. Lend Your MANTRA in India

   Once you've selected a platform to lend your MANTRA, transfer your MANTRA 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.