How to Lend NEAR Protocol (NEAR) in India

Introduction

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

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

   Platform	Coin	Cost
   Nexo	NEAR Protocol (NEAR)	1.56
   PrimeXBT	NEAR Protocol (NEAR)	1.56
   YouHodler	NEAR Protocol (NEAR)	1.56
   Binance	NEAR Protocol (NEAR)	1.56
   BTSE	NEAR Protocol (NEAR)	1.56

   See all 59 rates

2. 2. Choose a NEAR Protocol Lender in India

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

   Platform	Coin	APY
   Nexo	NEAR Protocol (NEAR)	Up to 10% APY
   YouHodler	NEAR Protocol (NEAR)	Up to 16% APY
   Bitget	NEAR Protocol (NEAR)	Up to 4.2% APY
   Blockchain.com	NEAR Protocol (NEAR)	Up to 6.5% APY
   Coinbase	NEAR Protocol (NEAR)	Up to 9.19% APY

   View all 12 lending rates in India

3. 3. Lend Your NEAR Protocol in India

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