How to Lend 1inch (1INCH) in Russia: A Step-by-Step Guide

Introduction

Lending 1inch can be an excellent choice for those in Russia who wish to hold 1INCH while generating yield. The process may seem overwhelming, particularly for first-time users. To simplify things, we've created this comprehensive guide tailored for the Russian market.

Step-by-Step Guide

1. Acquire 1inch (1INCH) Tokens in Russia
To lend 1inch in Russia, you first need to acquire it. To obtain 1inch, you will need to purchase it from one of the popular cryptocurrency exchanges available in the region.
Platform Coin Cost
Nexo 1inch (1INCH) 0.15
PrimeXBT 1inch (1INCH) 0.15
YouHodler 1inch (1INCH) 0.15
Binance 1inch (1INCH) 0.15
BTSE 1inch (1INCH) 0.15
Coinbase 1inch (1INCH) 0.15
View all 61 rates
2. Select a 1inch Lender in Russia
Once you have 1INCH, you'll need to choose a 1inch lending platform to lend your tokens in Russia. You can explore some options available in the Russian market here.
Platform Coin APY
Nebeus 1inch (1INCH) Up to 13% APY in Russia
YouHodler 1inch (1INCH) Up to 12% APY in Russia
Aave 1inch (1INCH) Up to 0.09% APY in Russia
Explore all 9 lending rates available in Russia
3. Lend Your 1inch in Russia
Once you've selected a platform to lend your 1inch, transfer your 1inch 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 may pay out weekly or monthly, catering to the preferences of Russian investors.
4. Earn Interest
Now all you need to do is relax while your cryptocurrency earns interest. The more you deposit, the more interest you can accumulate. Ensure that your lending platform offers compounding interest to maximize your returns in the Russian market.