How to Lend Wrapped USD (WUSD) in India

Introduction

Lending Wrapped USD can be an excellent choice for those looking to hold WUSD 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 Wrapped USD (WUSD) Tokens in India

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

   Platform	Coin	Cost
   Azbit	Wrapped USD (WUSD)	1
   BingX	Wrapped USD (WUSD)	1
   Bitget	Wrapped USD (WUSD)	1
   Bitmart	Wrapped USD (WUSD)	1
   Gate.io	Wrapped USD (WUSD)	1
   Hotcoin	Wrapped USD (WUSD)	1

   See all 13 rates

2. 2. Choose a Wrapped USD Lender in India

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

   Platform	Coin	APY
   Bitget	Wrapped USD (WUSD)	Up to 12% APY

3. 3. Lend Your Wrapped USD in India

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