How to Lend Terra (LUNA) in Russia

Introduction

Lending Terra can be an excellent choice for those in Russia who wish to hold LUNA 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. 1. Acquire Terra (LUNA) Tokens in Russia

   To lend Terra in Russia, you first need to acquire it. To obtain Terra, you will need to purchase it from one of the popular cryptocurrency exchanges available in the region.

   Платформа	Криптовалюта	Cost
   YouHodler	Terra (LUNA)	0.1
   Binance	Terra (LUNA)	0.1
   BTSE	Terra (LUNA)	0.1
   Kraken	Terra (LUNA)	0.1
   OKX	Terra (LUNA)	0.15
   BingX	Terra (LUNA)	0.1

   View all 39 rates

2. 2. Select a Terra Lender in Russia

   Once you have LUNA, you'll need to choose a Terra lending platform to lend your tokens in Russia. You can explore some options available in the Russian market here.

   Платформа	Криптовалюта	APY
   Bitget	Terra (LUNA)	Up to 6.5% APY in Russia
   Gemini	Terra (LUNA)	Up to 0.01% APY in Russia
   Kucoin	Terra (LUNA)	Up to 5% APY in Russia

   Explore all 5 lending rates available in Russia

3. 3. Lend Your Terra in Russia

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

What to Consider in Russia

Lending your cryptocurrency in Russia can involve certain risks