How to Lend MANTRA (OM): A Step-by-Step Guide for Ugandans

Introduction

Lending MANTRA can be an excellent choice for those looking to hold OM 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. Acquire MANTRA (OM) Tokens
To lend MANTRA, you first need to possess it. To acquire MANTRA, you will have to buy it. You can select from these popular exchanges available in Uganda.
E-platform Coin Cost
PrimeXBT MANTRA (OM) 0.08 APY
YouHodler MANTRA (OM) 0.08 APY
Binance MANTRA (OM) 0.08 APY
BTSE MANTRA (OM) 0.16 APY
Kraken MANTRA (OM) 0.08 APY
OKX MANTRA (OM) 6.89 APY
See all 44 prices in Uganda
2. Select a MANTRA Lender
Once you have OM, you'll need to select a MANTRA lending platform to lend your tokens. You can explore some options here.
E-platform Coin APY
YouHodler MANTRA (OM) Up to 30% APY
Kucoin MANTRA (OM) Up to 0.5% APY
3. Lend Your MANTRA
Once you've selected a platform to lend your MANTRA, transfer your MANTRA 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. 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.

E-platform	Coin	Cost
PrimeXBT	MANTRA (OM)	0.08 APY
YouHodler	MANTRA (OM)	0.08 APY
Binance	MANTRA (OM)	0.08 APY
BTSE	MANTRA (OM)	0.16 APY
Kraken	MANTRA (OM)	0.08 APY
OKX	MANTRA (OM)	6.89 APY

E-platform	Coin	APY
YouHodler	MANTRA (OM)	Up to 30% APY
Kucoin	MANTRA (OM)	Up to 0.5% APY

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.