How to Earn NEAR Protocol (NEAR): A Comprehensive Guide

Introduction

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

Step-by-Step Guide

1. Acquire NEAR Protocol (NEAR) Tokens
To lend NEAR Protocol, you must first acquire it. To obtain NEAR Protocol, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.
Platform Coin Price
Nexo NEAR Protocol (NEAR) 1.71
PrimeXBT NEAR Protocol (NEAR) 1.7
YouHodler NEAR Protocol (NEAR) 1.7
Binance NEAR Protocol (NEAR) 1.71
BTSE NEAR Protocol (NEAR) 1.71
See all 59 prices

Platform	Coin	Price
Nexo	NEAR Protocol (NEAR)	1.71
PrimeXBT	NEAR Protocol (NEAR)	1.7
YouHodler	NEAR Protocol (NEAR)	1.7
Binance	NEAR Protocol (NEAR)	1.71
BTSE	NEAR Protocol (NEAR)	1.71

2. Choose a NEAR Protocol Lender

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

Platform	Coin	Interest rate
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

See all 12 lending rates

3. Earn NEAR Protocol
Once you've selected a platform to earn your NEAR Protocol, transfer your NEAR Protocol into your wallet on the earning platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is relax while your cryptocurrency earns interest. The more you deposit, the higher your potential earnings. Ensure that your earning platform offers compounding APY to maximize your returns.

What to be Aware of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they have in place to secure your cryptocurrency.

Latest Movements

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Market cap: US$5.89B
24h volume: US$324.7M
Circulating supply: 1.17B NEAR

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Frequently Asked Questions About Lending NEAR Protocol (NEAR)

What are the current lending rates for NEAR Protocol?: As of now, NEAR Protocol offers a total of seven lending rate options. While specific average and best rates are not available, these can vary based on the platform. For the best lending rate, users can check Kucoin, which provides competitive offerings for NEAR. It is essential to monitor these rates regularly on Bitcompare to stay informed about the latest changes and opportunities in the NEAR lending landscape.