How to Lend THORChain (RUNE) in Russia

Introduction

Lending THORChain can be an excellent choice for those in Russia who wish to hold RUNE 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 THORChain (RUNE) Tokens in Russia

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

   Platform	Coin	Cost
   Nexo	THORChain (RUNE)	0.58
   PrimeXBT	THORChain (RUNE)	0.58
   Binance	THORChain (RUNE)	0.58
   Coinbase	THORChain (RUNE)	5.44
   Kraken	THORChain (RUNE)	0.58
   Uphold	THORChain (RUNE)	1.17

   View all 40 rates

2. 2. Select a THORChain Lender in Russia

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

   Platform	Coin	APY
   Kucoin	THORChain (RUNE)	Up to 0.5% APY in Russia

3. 3. Lend Your THORChain in Russia

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