How to Lend Tether (USDT) in India

Introduction

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

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

   Platform	Coin	Cost
   Nexo	Tether (USDT)	1
   EarnPark	Tether (USDT)	1
   YouHodler	Tether (USDT)	1
   Binance	Tether (USDT)	1
   BTSE	Tether (USDT)	1
   Kraken	Tether (USDT)	1

   See all 45 rates

2. 2. Choose a Tether Lender in India

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

   Platform	Coin	APY
   Nexo	Tether (USDT)	Up to 16% APY
   Nebeus	Tether (USDT)	Up to 13% APY
   EarnPark	Tether (USDT)	Up to 35% APY
   YouHodler	Tether (USDT)	Up to 20% APY
   Syrup	Tether (USDT)	Up to 10.48% APY
   Neverless	Tether (USDT)	Up to 14% APY

   View all 42 lending rates in India

3. 3. Lend Your Tether in India

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