How to Lend 1inch (1INCH)

Introduction

Lending 1inch can be an excellent choice for those looking to hold 1INCH while earning some returns. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire 1inch (1INCH) Tokens

   To lend 1inch, you first need to possess it. To acquire 1inch, you will have to buy it. You can select from these popular exchanges available in Uganda.

   E-platform	Coin	Cost
   Nexo	1inch (1INCH)	0.15 APY
   PrimeXBT	1inch (1INCH)	0.15 APY
   YouHodler	1inch (1INCH)	0.15 APY
   Binance	1inch (1INCH)	0.15 APY
   BTSE	1inch (1INCH)	0.15 APY
   Coinbase	1inch (1INCH)	0.15 APY

   See all 61 prices in Uganda

2. 2. Select a 1inch Lender

   Once you have 1INCH, you'll need to select a 1inch lending platform to lend your tokens. You can explore some options here.

   E-platform	Coin	APY
   Nebeus	1inch (1INCH)	Up to 13% APY
   YouHodler	1inch (1INCH)	Up to 12% APY
   Aave	1inch (1INCH)	Up to 0.09% APY

   View all 9 APY rates

3. 3. Lend Your 1inch

   Once you've selected a platform to lend your 1inch, transfer your 1inch into your wallet on the lending platform. After it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Grow Your Savings

   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 maximise your earnings.

What to Keep in Mind

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 take to secure your cryptocurrency.