Introduction

Lending Blok Token can be an excellent choice for those looking to hold BLOK 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 Blok Token (BLOK) Tokens

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

   E-platform	Coin	Cost
   BingX	Blok Token (BLOK)	0.0000816 APY
   Bitget	Blok Token (BLOK)	0.000451 APY
   Bitmart	Blok Token (BLOK)	0.0002306 APY
   CoinEx	Blok Token (BLOK)	0.00008146 APY
   Kucoin	Blok Token (BLOK)	0.0000802 APY
   MEXC Global	Blok Token (BLOK)	0.00008277 APY

   See all 12 prices in Uganda

2. 2. Select a Blok Token Lender

   Once you have BLOK, you'll need to select a Blok Token lending platform to lend your tokens. You can explore some options here.

   E-platform	Coin	APY
   Kucoin	Blok Token (BLOK)	Up to 0.5% APY

3. 3. Lend Your Blok Token

   Once you've selected a platform to lend your Blok Token, transfer your Blok Token into your wallet on the lending platform. After it's deposited, it will begin to earn APY. Some platforms pay interest 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 higher your potential returns. Ensure that your lending platform offers compounding interest to maximise your earnings.

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.