Where and How to Lend NEAR Protocol (NEAR)

Introduction

Lending NEAR Protocol can be a great option for those who wish to hold NEAR but earn interest. The steps can be a bit intimidating, especially the first time you attempt them. That's why we have compiled this guide for you.

Step-by-Step Guide

1. 1. Acquire NEAR Protocol (NEAR) Tokens

   To lend NEAR Protocol, you need to have it. To obtain NEAR Protocol, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	NEAR Protocol (NEAR)	5.05
   Bitpanda	NEAR Protocol (NEAR)	5.88
   Uphold	NEAR Protocol (NEAR)	5.28
   PrimeXBT	NEAR Protocol (NEAR)	5.86
   Kraken	NEAR Protocol (NEAR)	5.40
   OKX	NEAR Protocol (NEAR)	5.85

   See all 29 prices

2. 2. Select a NEAR Protocol Lender

   Once you have NEAR, you’ll need to choose a NEAR Protocol lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Nexo	NEAR Protocol (NEAR)	Up to 10.00 APY
   YouHodler	NEAR Protocol (NEAR)	Up to 16.00 APY
   Bitget	NEAR Protocol (NEAR)	Up to 4.20 APY
   Kucoin	NEAR Protocol (NEAR)	Up to 0.50 APY

   See all 9 lending rates

3. 3. Lend Your NEAR Protocol

   After you have selected a platform for lending your NEAR Protocol, transfer your NEAR Protocol into your wallet on the lending platform. Once it is deposited, it will begin earning interest. Some platforms pay interest on a daily basis, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you have to do is relax while your crypto earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure that you do your research before depositing your crypto. Don’t lend more than you’re prepared to lose. Verify their lending practices, reviews, and how they secure your cryptocurrency.