Introduction
Lending WEN can be an excellent choice for those looking to hold $wen while earning returns. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this comprehensive guide tailored for you.
Step-by-Step Guide for Indian Investors
1. Acquire WEN ($wen) Tokens in India
To lend WEN, you first need to possess it. To acquire WEN, you'll have to buy it. You can select from these popular Indian exchanges.
See all 12 ratesPlatform Coin Cost YouHodler WEN ($wen) 0.000008054 BTSE WEN ($wen) 0.00000826 Kraken WEN ($wen) 0.00000805 BingX WEN ($wen) 0.00001655 Bitget WEN ($wen) 0.0000165 Bitmart WEN ($wen) 0.00000811 2. Choose a WEN Lender in India
Once you have $wen, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.
Platform Coin APY YouHodler WEN ($wen) Up to 30% APY Bitget WEN ($wen) Up to 0.4% APY 3. Lend Your WEN in India
Once you've selected a platform to lend your WEN, transfer your WEN 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.
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