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Introduction

Lending Bitcoin Cash can be an excellent choice for those looking to hold BCH while earning some returns. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire Bitcoin Cash (BCH) Tokens

   To lend Bitcoin Cash, you first need to possess it. To acquire Bitcoin Cash, you will have to buy it. You can select from these popular exchanges available in Uganda.

   E-platform	Coin	Cost
   Nexo	Bitcoin Cash (BCH)	591.75 APY
   PrimeXBT	Bitcoin Cash (BCH)	589.56 APY
   EarnPark	Bitcoin Cash (BCH)	592.45 APY
   YouHodler	Bitcoin Cash (BCH)	590.14 APY
   Binance	Bitcoin Cash (BCH)	590.1 APY
   OKX	Bitcoin Cash (BCH)	593.3 APY

   See all 57 prices in Uganda

2. 2. Select a Bitcoin Cash Lender

   Once you have BCH, you'll need to select a Bitcoin Cash lending platform to lend your tokens. You can explore some options here.

   E-platform	Coin	APY
   Nexo	Bitcoin Cash (BCH)	Up to 11% APY
   Nebeus	Bitcoin Cash (BCH)	Up to 4.5% APY
   EarnPark	Bitcoin Cash (BCH)	Up to 5% APY
   YouHodler	Bitcoin Cash (BCH)	Up to 12% APY
   Blockchain.com	Bitcoin Cash (BCH)	Up to 2% APY

   View all 14 APY rates

3. 3. Earn Bitcoin Cash in Uganda's vibrant financial landscape

   Once you've selected a platform to earn your Bitcoin Cash, transfer your Bitcoin Cash into your wallet on the earning platform. Once it's deposited, it will begin to earn APY. Some platforms pay APY daily, while others do so weekly or monthly.

4. 4. Grow Your Savings

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the more APY you can earn. Ensure that your earning platform offers compounding APY to maximise your returns.

What to Keep in Mind

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.