Lending on CoinDCX Pro l Highest USDT Lending Rates

Lending and borrowing cryptocurrencies have become an important sub-sector in crypto finance. Crypto lending and borrowing are fairly simple concepts where crypto HODLers earn passive income on their idle lying cryptos and traders on margin borrow cryptos for a specified interest rate with an expectation of getting more profits from the margin trade.

Any trader or crypto HODLer could earn this passive income on the CoinDCX Pro platform. Here, you can experience the highest lending rates* along with a seamless trading experience! One of the reasons why CoinDCX Pro can provide such high-interest rates as compared to its competitors is because of the efficient models used by the platform to lend cryptos to margin traders. Another advantage of lending on CoinDCX Pro is that it does not require users to wait for borrowers. You can simply go ahead and Lend and start earning. 

Also Read: How Does Crypto Lending Work?

Why should I Lend Cryptos

If you are a crypto trader or an investor who HODLs cryptocurrencies then lending on cryptocurrency exchanges is one of the safest ways to earn passive income. Lending your cryptos is essentially you lending the assets to margin traders who pay you the interest for borrowing your funds.

By lending, not only do you earn interest payments for the duration of the lending period, but also you can benefit from additional gains when the price of the cryptocurrency spikes. Investors who HODL must lend their cryptocurrencies to get passive income on their idle lying cryptos. Traders on the other hand must lend when the market is not doing great.

Pro Tip: When the market has crashed and you are unable to sell your cryptos or trade, in a bearish market, why not lend to other margin traders and earn some interest on it?

Features Available On CoinDCX

Lending on CoinDCX Pro is available for 12 cryptocurrencies such as Bitcoin (BTC), Litecoin (LTC), and Ripple (XRP), stable coins such as Tether (USDT) and TrueUSD (TUSD), centralized exchanges such as Binance Coin (BNB) and smart contract platforms like Ethereum (ETH), Neo (NEO) and Tron (TRX).

• Traders and investors can choose to lend at any point in time.
• Your duration of days starts from the time you confirm your lending and your funds get locked on CoinDCX.
• Once your lending period is over, your interest along with your principal quantity of crypto gets credited into your account.

CoinDCX Pro keeps changing the interest rate from time to time to provide the best percentage possible to the users. This interest rate is based on the market sentiments, demand and supply of the token, and many other factors. 

For example, an increase in demand for USDT tokens on margin might lead to an increase in the annual interest rate for USDT on our platform. 

*Disclaimer: The current % of lending USDT on CoinDCX Pro is 14%. To stay updated on the current offering, please keep a tab on this blog.