How to Lend NEAR Protocol (NEAR): A Step-by-Step Guide for South Africans

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.
Platform Mint Cost
Nexo NEAR Protocol (NEAR) 1,7
PrimeXBT NEAR Protocol (NEAR) 1,69
YouHodler NEAR Protocol (NEAR) 1,69
Binance NEAR Protocol (NEAR) 1,7
BTSE NEAR Protocol (NEAR) 1,69
View all 59 prices

Platform	Mint	Cost
Nexo	NEAR Protocol (NEAR)	1,7
PrimeXBT	NEAR Protocol (NEAR)	1,69
YouHodler	NEAR Protocol (NEAR)	1,69
Binance	NEAR Protocol (NEAR)	1,7
BTSE	NEAR Protocol (NEAR)	1,69

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.

Platform	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

View all 12 lending APYs

3. Lend Your NEAR Protocol
Once you've selected a platform to lend your NEAR Protocol, transfer your NEAR Protocol into your wallet on the lending platform. Once it's deposited, it will begin to earn 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. Make sure your lending 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.