How to Lend Numbers Protocol (NUM)

Introduction

Lending Numbers Protocol can be an excellent choice for those looking to hold NUM 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 Numbers Protocol (NUM) Tokens

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

   E-platform	Coin	Cost
   Uphold	Numbers Protocol (NUM)	0.02 APY
   BingX	Numbers Protocol (NUM)	0.01 APY
   CoinEx	Numbers Protocol (NUM)	0.01 APY
   Crypto.com	Numbers Protocol (NUM)	0.01 APY
   Gate.io	Numbers Protocol (NUM)	0.01 APY
   HTX	Numbers Protocol (NUM)	0.01 APY

   See all 16 prices in Uganda

2. 2. Select a Numbers Protocol Lender

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

   E-platform	Coin	APY
   Kucoin	Numbers Protocol (NUM)	Up to 12% APY

3. 3. Lend Your Numbers Protocol

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