How to Lend NEAR Protocol (NEAR)

Introduction

Lending NEAR Protocol can be an excellent choice for those looking to hold NEAR while generating a return. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to help you navigate through it.

Step-by-Step Guide for Italian Investors

1. 1. Acquire NEAR Protocol (NEAR) Tokens

   To lend NEAR Protocol, you must first possess it. To acquire NEAR Protocol, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Nexo	NEAR Protocol (NEAR)	1,71 APY
   PrimeXBT	NEAR Protocol (NEAR)	1,7 APY
   YouHodler	NEAR Protocol (NEAR)	1,7 APY
   Binance	NEAR Protocol (NEAR)	1,7 APY
   BTSE	NEAR Protocol (NEAR)	1,7 APY

   Check out all 59 prices

2. 2. Select a NEAR Protocol Lender in Italy

   Once you have NEAR, you'll need to select a NEAR Protocol lending platform to lend your tokens. You can explore some options here.

   Piattaforma	Criptovaluta	APY
   Nexo	NEAR Protocol (NEAR)	Up to 10% APY
   YouHodler	NEAR Protocol (NEAR)	Up to 16% APY
   Bitget	NEAR Protocol (NEAR)	Up to 4,2% APY
   Blockchain.com	NEAR Protocol (NEAR)	Up to 6,5% APY
   Coinbase	NEAR Protocol (NEAR)	Up to 9,19% APY

   Discover all 12 lending APY rates

3. 3. Lend Your NEAR Protocol in Italy

   Once you've selected a platform to lend your NEAR Protocol, transfer your NEAR Protocol into your wallet on the lending platform. After the deposit is made, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.

4. 4. Earn Interest

   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 maximize your earnings.

What to Consider in Italy

Lending your cryptocurrency can involve significant risks