How to Earn Ethereum Name Service (ENS): A Step-by-Step Guide for Ugandans

Introduction

Lending Ethereum Name Service can be an excellent choice for those looking to hold ENS 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. Acquire Ethereum Name Service (ENS) Tokens

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

E-platform	Coin	Cost
PrimeXBT	Ethereum Name Service (ENS)	9.49 APY
Binance	Ethereum Name Service (ENS)	9.49 APY
BTSE	Ethereum Name Service (ENS)	9.49 APY
Coinbase	Ethereum Name Service (ENS)	9.48 APY
Kraken	Ethereum Name Service (ENS)	9.47 APY
OKX	Ethereum Name Service (ENS)	24.74 APY

See all 62 prices in Uganda

2. Select a Ethereum Name Service Lender
Once you have ENS, you'll need to select a Ethereum Name Service lending platform to lend your tokens. You can explore some options here.
E-platform Coin APY
Aave Ethereum Name Service (ENS) Up to 0.02% APY
Kucoin Ethereum Name Service (ENS) Up to 0.5% APY
View all 4 APY rates
3. Earn Ethereum Name Service in Uganda's vibrant financial landscape
Once you've selected a platform to earn your Ethereum Name Service, transfer your Ethereum Name Service 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. 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.

E-platform	Coin	APY
Aave	Ethereum Name Service (ENS)	Up to 0.02% APY
Kucoin	Ethereum Name Service (ENS)	Up to 0.5% APY

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.