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Introduction

Lending Internet Computer can be an excellent choice for those looking to hold ICP 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 Internet Computer (ICP) Tokens

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

   E-platform	Coin	Cost
   PrimeXBT	Internet Computer (ICP)	3.01 APY
   YouHodler	Internet Computer (ICP)	3 APY
   Binance	Internet Computer (ICP)	3.01 APY
   Coinbase	Internet Computer (ICP)	3.01 APY
   Kraken	Internet Computer (ICP)	3 APY
   OKX	Internet Computer (ICP)	5.15 APY

   See all 54 prices in Uganda

2. 2. Select a Internet Computer Lender

   Once you have ICP, you'll need to select a Internet Computer lending platform to lend your tokens. You can explore some options here.

   E-platform	Coin	APY
   Kucoin	Internet Computer (ICP)	Up to 0.5% APY

3. 3. Earn Internet Computer in Uganda's vibrant financial landscape

   Once you've selected a platform to earn your Internet Computer, transfer your Internet Computer 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.