How to Lend NEXO (NEXO)

Introduction

Lending NEXO can be an excellent choice for those looking to hold NEXO 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 NEXO (NEXO) Tokens

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

   Piattaforma	Criptovaluta	Value
   Nexo	NEXO (NEXO)	0,91 APY
   Binance	NEXO (NEXO)	0,91 APY
   Azbit	NEXO (NEXO)	0,91 APY
   Bitfinex	NEXO (NEXO)	0,92 APY
   Bitget	NEXO (NEXO)	0,91 APY
   Bitmart	NEXO (NEXO)	0,91 APY

   Check out all 32 prices

2. 2. Select a NEXO Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   Nexo	NEXO (NEXO)	Up to 12% APY

3. 3. Lend Your NEXO in Italy

   Once you've selected a platform to lend your NEXO, transfer your NEXO 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