How to Lend NEAR Protocol (NEAR) in India: A Step-by-Step Guide

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. 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) 1.55
PrimeXBT NEAR Protocol (NEAR) 1.55
YouHodler NEAR Protocol (NEAR) 1.55
Binance NEAR Protocol (NEAR) 1.55
BTSE NEAR Protocol (NEAR) 1.55
See all 59 rates

Platform	Coin	Cost
Nexo	NEAR Protocol (NEAR)	1.55
PrimeXBT	NEAR Protocol (NEAR)	1.55
YouHodler	NEAR Protocol (NEAR)	1.55
Binance	NEAR Protocol (NEAR)	1.55
BTSE	NEAR Protocol (NEAR)	1.55

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. 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. 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.