How to Lend Chiliz (CHZ)

Introduction

Lending Chiliz can be an excellent choice for those looking to hold CHZ 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 Chiliz (CHZ) Tokens

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

   E-platform	Coin	Cost
   Nexo	Chiliz (CHZ)	0.04 APY
   PrimeXBT	Chiliz (CHZ)	0.04 APY
   Binance	Chiliz (CHZ)	0.04 APY
   BTSE	Chiliz (CHZ)	0.04 APY
   Coinbase	Chiliz (CHZ)	0.04 APY
   Kraken	Chiliz (CHZ)	0.04 APY

   See all 68 prices in Uganda

2. 2. Select a Chiliz Lender

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

   E-platform	Coin	APY
   Blockchain.com	Chiliz (CHZ)	Up to 1% APY

   View all 6 APY rates

3. 3. Lend Your Chiliz

   Once you've selected a platform to lend your Chiliz, transfer your Chiliz 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.