How to Lend Nimiq (NIM) in Vietnam

Introduction

Lending Nimiq is an excellent choice for those looking to hold NIM while earning yield. The process may seem intimidating at first, which is why we've created this guide to help you navigate it.

Comprehensive Guide

1. 1. Acquire Nimiq (NIM) Tokens

   To lend Nimiq, you must first own it. To acquire Nimiq, you will need to buy it. You can select from these well-known exchanges.

   Platform	Coin	Cost
   CoinEx	Nimiq (NIM)	0.0006938
   Gate.io	Nimiq (NIM)	0.0006884
   HTX	Nimiq (NIM)	0
   MEXC Global	Nimiq (NIM)	0.000691

   View all 8 prices

2. 2. Select a Nimiq Lender

   Once you have NIM, you'll need to select a Nimiq lending platform to lend your tokens. You can find some options listed here.

   Platform	Coin	Interest rate
   Kucoin	Nimiq (NIM)	Earn up to 16% APY

3. 3. Lend Your Nimiq

   After selecting a platform to lend your Nimiq, transfer your Nimiq into your wallet on that platform. Once deposited, it will begin to earn interest. 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 crypto accumulates interest. The more you deposit, the greater your potential earnings. Ensure that your lending platform offers compounding interest to maximize your returns.

Things to Consider

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing. Only lend what you can afford to lose. Review their lending practices, read user reviews, and understand how they secure your cryptocurrency.