Introduction
Lending GMT can be an excellent choice for those looking to hold GMT while earning returns. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this comprehensive guide tailored for you.
Step-by-Step Guide for Indian Investors
1. Acquire GMT (GMT) Tokens in India
To lend GMT, you first need to possess it. To acquire GMT, you'll have to buy it. You can select from these popular Indian exchanges.
2. Choose a GMT Lender in India
Once you have GMT, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.
View all 4 lending rates in IndiaPlatform Coin APY YouHodler GMT (GMT) Up to 12% APY 3. Lend Your GMT in India
Once you've selected a platform to lend your GMT, transfer your GMT into your wallet on the lending platform. After the deposit is made, it will begin to earn APY. Some platforms offer interest payouts daily, while others may do so weekly or monthly.
4. Earn Interest in India
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 assets. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Trends in India
GMT (GMT) is currently priced at $12 with a 24-hour trading volume of $10.59Cr. The market cap of GMT stands at $37.93Cr, with 269.08Cr GMT in circulation. For those looking to buy or trade GMT, YouHodler offers avenues to do so securely and efficiently
- Market capitalization
- $37.93Cr
- 24-hour trading volume
- $10.59Cr
- Circulating supply in the market
- 269.08Cr GMT
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