How to Lend Hashflow (HFT)

Introduction

Lending Hashflow can be an excellent choice for those looking to hold HFT 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 Hashflow (HFT) Tokens

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

   E-platform	Coin	Cost
   Uphold	Hashflow (HFT)	0.06 APY
   Kraken	Hashflow (HFT)	0.09 APY
   BingX	Hashflow (HFT)	0.09 APY
   Bitget	Hashflow (HFT)	0.09 APY
   Bitmart	Hashflow (HFT)	0.09 APY
   Bitpanda	Hashflow (HFT)	0.23 APY

   See all 20 prices in Uganda

2. 2. Select a Hashflow Lender

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

   E-platform	Coin	APY
   Kucoin	Hashflow (HFT)	Up to 0.5% APY

3. 3. Lend Your Hashflow

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