Introduction
Lending NEAR Protocol can be an excellent choice for those looking to hold NEAR while earning a return. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.
Step-by-Step Guide for South African Investors
1. Acquire NEAR Protocol (NEAR) Tokens
To lend NEAR Protocol, you first need to possess it. To acquire NEAR Protocol, you'll need to buy it. You can select from these well-known exchanges.
2. Select a NEAR Protocol Lender
Once you have NEAR, you'll need to select a NEAR Protocol lending platform to lend your tokens. You can explore some options here.
View all 12 lending APYsPlatform Mint APY Nexo NEAR Protocol (NEAR) Up to 10% APY YouHodler NEAR Protocol (NEAR) Up to 16% APY Bitget NEAR Protocol (NEAR) Up to 4,2% APY Blockchain.com NEAR Protocol (NEAR) Up to 6,5% APY Coinbase NEAR Protocol (NEAR) Up to 9,19% APY 3. Earn NEAR Protocol
Once you've selected a platform to earn your NEAR Protocol, transfer your NEAR Protocol into your wallet on the earning platform. Once it's deposited, it will start earning APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest in South Africa
Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more interest you can earn. Try to ensure your earning platform pays compounding interest to maximise your returns.
What to Keep in Mind
Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Movements in the Market
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- Market capitalisation
- US$5,89B
- 24-hour trading volume
- US$324,7M
- Circulating supply
- 1,17B NEAR
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