Where & how to lend Nexo (NEXO)

Introduction

Lending Nexo can be a great option for those who want to hold NEXO 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 Nexo (NEXO) tokens

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

   Platform	Coin	Price
   Nexo	Nexo (NEXO)	$0.9988
   Binance	Nexo (NEXO)	$0.986
   Bitmart	Nexo (NEXO)	$0.9878
   MEXC Global	Nexo (NEXO)	$0.9965
   Bitget	Nexo (NEXO)	$0.9978
   Bybit	Nexo (NEXO)	$0.9997

   See all 7 prices

2. 2. Choose a Nexo lender

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

   Platform	Coin	Interest rate
   Nexo	Nexo (NEXO)	Up to 12% APY

3. 3. Lend your Nexo

   Once you’ve chosen a platform to lending your Nexo, transfer your Nexo 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.