How to Lend iExec RLC (RLC)

Introduction

Lending iExec RLC can be an excellent choice for those looking to hold RLC 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 iExec RLC (RLC) Tokens

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

   E-platform	Coin	Cost
   Binance	iExec RLC (RLC)	0.64 APY
   Coinbase	iExec RLC (RLC)	0.64 APY
   Kraken	iExec RLC (RLC)	0.63 APY
   BingX	iExec RLC (RLC)	2.07 APY
   Bitget	iExec RLC (RLC)	0.64 APY
   Bitmart	iExec RLC (RLC)	0.84 APY

   See all 32 prices in Uganda

2. 2. Select a iExec RLC Lender

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

   E-platform	Coin	APY
   Kucoin	iExec RLC (RLC)	Up to 0.5% APY

3. 3. Lend Your iExec RLC

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