Introduction

Lending IoTeX can be an excellent choice for those looking to hold IOTX 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 IoTeX (IOTX) Tokens

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

   E-platform	Coin	Cost
   Binance	IoTeX (IOTX)	0.01 APY
   BTSE	IoTeX (IOTX)	0.01 APY
   Coinbase	IoTeX (IOTX)	0.01 APY
   BingX	IoTeX (IOTX)	0.01 APY
   Bitget	IoTeX (IOTX)	0.01 APY
   Bitmart	IoTeX (IOTX)	0.01 APY

   See all 35 prices in Uganda

2. 2. Select a IoTeX Lender

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

3. 3. Lend Your IoTeX

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