How to Lend Nimiq (NIM)

Earn up to
16% APY on your savings.

What you'll learn

1
How to Lend Nimiq (NIM) in Uganda
A comprehensive guide on how to lend Nimiq (NIM) in Uganda
2
Statistics about Nimiq Lending in Uganda
We have a wealth of information on lending Nimiq (NIM), and we are excited to share some of this with you.
3
Other cryptocurrencies you can lend
We present to you various lending options with other cryptocurrencies that may pique your interest.

Latest Movements in Uganda's Financial Landscape

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Market capitalization: US$17M
24-hour trading volume: US$143,830
Available supply: 12.7B NIM

Check out the most recent updates

Top Trading Pairs for Nimiq

Important Notice

Important Notice

Introduction

Lending Nimiq can be an excellent choice for those looking to hold NIM 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. Acquire Nimiq (NIM) Tokens
To lend Nimiq, you first need to possess it. To acquire Nimiq, you will have to buy it. You can select from these popular exchanges available in Uganda.
E-platform Coin Cost
CoinEx Nimiq (NIM) 0.0006938 APY
Gate.io Nimiq (NIM) 0.0006884 APY
HTX Nimiq (NIM) 0 APY
MEXC Global Nimiq (NIM) 0.000692 APY
See all 8 prices in Uganda
2. Select a Nimiq Lender
Once you have NIM, you'll need to select a Nimiq lending platform to lend your tokens. You can explore some options here.
E-platform Coin APY
Kucoin Nimiq (NIM) Up to 16% APY
3. Lend Your Nimiq
Once you've selected a platform to lend your Nimiq, transfer your Nimiq 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. 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.