Earn up to
8% APY in India
An in-depth guide on how to lend Solana (SOL) in India
We have extensive data on lending Solana (SOL) and we are pleased to share some of this information with you.
We present you with various lending options featuring different cryptocurrencies that may pique your interest.
Solana (SOL) is currently priced at $6.51 with a 24-hour trading volume of $454.77Cr. The market cap of Solana stands at $9.12KCr, with 48.37Cr SOL in circulation. For those looking to buy or trade Solana, Nexo offers avenues to do so securely and efficiently}
Lending Solana can be an excellent choice for those looking to hold SOL 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.
To lend Solana, you first need to possess it. To acquire Solana, you'll have to buy it. You can select from these popular Indian exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Nexo | Solana (SOL) | 140.96 |
| PrimeXBT | Solana (SOL) | 140.51 |
| EarnPark | Solana (SOL) | 139.14 |
| YouHodler | Solana (SOL) | 140.71 |
| Binance | Solana (SOL) | 140.71 |
| BTSE | Solana (SOL) | 140.64 |
Once you have SOL, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.
| Platform | Coin | APY |
|---|---|---|
| Nexo | Solana (SOL) | Up to 8% APY |
| EarnPark | Solana (SOL) | Up to 7% APY |
| YouHodler | Solana (SOL) | Up to 12% APY |
| Bitget | Solana (SOL) | Up to 3.8% APY |
| Blockchain.com | Solana (SOL) | Up to 5% APY |
Once you've selected a platform to lend your Solana, transfer your Solana 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.
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.
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.
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