How to Lend RatsBase (RATS)

Introduction

Lending RatsBase can be an excellent choice for those looking to hold RATS 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 RatsBase (RATS) Tokens

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

   E-platform	Coin	Cost
   BTSE	RatsBase (RATS)	0.00004417 APY
   CoinEx	RatsBase (RATS)	0.00004412 APY
   Gate.io	RatsBase (RATS)	0.00004432 APY
   Hotcoin	RatsBase (RATS)	0.00004429 APY
   HTX	RatsBase (RATS)	0.00004483 APY
   Kucoin	RatsBase (RATS)	0.00004418 APY

   See all 16 prices in Uganda

2. 2. Select a RatsBase Lender

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

   E-platform	Coin	APY
   Kucoin	RatsBase (RATS)	Up to 0.5% APY

3. 3. Lend Your RatsBase

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