Where & how to lend Mina Protocol (MINA)

Introduction

Lending Mina Protocol can be a great option for those who want to hold MINA but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-step

1. 1. Obtain Mina Protocol (MINA) tokens

   In order to lend Mina Protocol, you need to have it. To obtain Mina Protocol, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	Mina Protocol (MINA)	$0.5517
   Uphold	Mina Protocol (MINA)	$0.5422
   Kraken	Mina Protocol (MINA)	$0.55
   OKX	Mina Protocol (MINA)	$0.5508
   Binance	Mina Protocol (MINA)	$0.5546
   Coinbase	Mina Protocol (MINA)	$0.5495

   See all 14 prices

2. 2. Choose a Mina Protocol lender

   Once you have MINA, you’ll need to choose a Mina Protocol lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Kucoin	Mina Protocol (MINA)	Up to 0.5% APY
   OKX	Mina Protocol (MINA)	Up to 1% APY

3. 3. Lend your Mina Protocol

   Once you’ve chosen a platform to lending your Mina Protocol, transfer your Mina Protocol into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn interest

   Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.