How to Lend WETH (WETH) in India: A Step-by-Step Guide

Introduction

Lending WETH can be an excellent choice for those looking to hold WETH 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 WETH (WETH) Tokens in India
To lend WETH, you first need to possess it. To acquire WETH, you'll have to buy it. You can select from these popular Indian exchanges.
2. Choose a WETH Lender in India
Once you have WETH, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.
Platform Coin APY
Aave WETH (WETH) Up to 2.03% APY
Compound WETH (WETH) Up to 1.98% APY
View all 32 lending rates in India
3. Lend Your WETH in India
Once you've selected a platform to lend your WETH, transfer your WETH 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
Aave	WETH (WETH)	Up to 2.03% APY
Compound	WETH (WETH)	Up to 1.98% 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.