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Lending ULTRA can be an excellent choice for those looking to hold ultra 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 ULTRA, you first need to possess it. To acquire ULTRA, you'll have to buy it. You can select from these popular Indian exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Uphold | ULTRA (ultra) | 0.05 |
| BingX | ULTRA (ultra) | 0.01 |
| Bitfinex | ULTRA (ultra) | 0.01 |
| CoinEx | ULTRA (ultra) | 0.01 |
| Gate.io | ULTRA (ultra) | 0.01 |
| HTX | ULTRA (ultra) | 0.01 |
Once you have ultra, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.
| Platform | Coin | APY |
|---|---|---|
| Kucoin | ULTRA (ultra) | Up to 0.04% APY |
Once you've selected a platform to lend your ULTRA, transfer your ULTRA 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.
