How to Lend Shiba Inu (SHIB) in India: A Step-by-Step Guide

Introduction

Lending Shiba Inu can be an excellent choice for those looking to hold SHIB 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 Shiba Inu (SHIB) Tokens in India

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

Platform	Coin	Cost
YouHodler	Shiba Inu (SHIB)	0.000007157
Binance	Shiba Inu (SHIB)	0.00000715
BTSE	Shiba Inu (SHIB)	0.000007172
OKX	Shiba Inu (SHIB)	0.00001234
Uphold	Shiba Inu (SHIB)	0.00001307
Bake	Shiba Inu (SHIB)	0.00000717

See all 42 rates

2. Choose a Shiba Inu Lender in India
Once you have SHIB, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.
Platform Coin APY
YouHodler Shiba Inu (SHIB) Up to 16% APY
CEX.io Shiba Inu (SHIB) Up to 1% APY
View all 6 lending rates in India
3. Lend Your Shiba Inu in India
Once you've selected a platform to lend your Shiba Inu, transfer your Shiba Inu 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.

Platform	Coin	APY
YouHodler	Shiba Inu (SHIB)	Up to 16% APY
CEX.io	Shiba Inu (SHIB)	Up to 1% APY

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.

Latest Trends in India

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Market capitalization: $1.25KCr
24-hour trading volume: $51.23Cr
Circulating supply in the market: 589.26LCr SHIB

Check the latest updates

Shiba Inu SHIB Updates in India

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