Lend & Earn Crypto Coins | Fixed Returns Up To 1.5% | ZebPay India (2024)

FAQs

How do you lend crypto and earn interest? ›

To become a crypto lender, users will need to sign up for a lending platform, select a supported cryptocurrency to deposit, and send funds to the platform. On a centralized crypto lending platform, interest may be paid in kind or with the native platform token.

The compensation rates for crypto lending typically range between 1-20% APY/APR, varying based on the platform and the type of cryptocurrency involved.

Cryptocurrency trading and investment are legal in India, but the regulatory framework is still evolving. In 2018, the Reserve Bank of India (RBI) issued a circular that prohibited banks and other regulated entities from providing services to businesses dealing with virtual currencies.

Steps To Buy Cryptocurrency In India

Step 1: Sign up on your desired crypto exchange platform. Step 2: Set up your account security by verifying your email address. Step 3: Complete the Know Your Customer (KYC) process. Step 4: Add funds to your crypto exchange wallet.

With Celsius, users can earn up to 17% APY (annual percentage yield) by lending crypto, with payments made weekly. And Celsius provides yield on 46 different digital assets, including stablecoins. For borrowers, Celsius has interest rates available as low as 1%.

What are the benefits of a crypto loan? Crypto loans offer unique benefits, such as relatively low interest rates and quick funding. They can be a cheaper alternative to personal loans or credit cards since they're secured by collateral.

Log In to your Crypto.com Exchange account. Go to Dashboard > Lending > Loans. Tap Repay Now to make repayment to your outstanding loan.

Example For Crypto-Lending

Let's understand this with an example. Suppose you own 10 bitcoins and would like to earn a steady passive income with your investments in Bitcoins. You can deposit these 10 Bitcoins in your crypto lending platform's wallet and receive monthly or weekly interest from it.

In the beginning of 2024, India had banned nine crypto exchanges —Binance, Kucoin, Huobi, Kraken, Gate.io, Bitstamp, MEXC Global, Bittrex, and Bitfenix — for non-compliance with anti-laundering law in the country.

Which cryptocurrency is best in India? ›

Cryptocurrency is not legal tender in India but legal to invest. To convert to cash: broker exchanges, crypto debit cards, peer-to-peer exchanges. Fees apply: Exchange fees, network fees.

The current value of 1 CRO is ₹7.81 INR. In other words, to buy 5 Crypto.com Coin, it would cost you ₹39.04 INR. Inversely, ₹1.00 INR would allow you to trade for 0.13 CRO while ₹50.00 INR would convert to 6.40 CRO, not including platform or gas fees.

The current conversion shows 1 PI at a value of 1 PI for 3,091.94 INR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

You can earn interest in crypto from your held crypto assets. Centralized exchanges let you lend crypto and earn interest, as well as offer interest and savings accounts. DeFi apps offer many different ways to earn interest on your crypto and often higher interest rates.

Counterparty risk: When lending your crypto assets to borrowers, there is always a risk that they may default on their loan, leading to a loss of your funds. Security risks: Crypto lending platforms are not immune to hacking attempts, which can result in the loss of your funds.

Broadly, lending involves loaning funds to borrowers, while staking involves providing funds to a blockchain network.

Bitcoin Lending Interest Rates

Interest rates on bitcoin lending platforms can range anywhere between 0.5-8% APY (Annual Percentage Yield), depending on the protocol, loan amount deposited, and term of the loan. These rates are not constant, and are constantly adjusted alongside external market conditions.