Introduction

Lending SelfKey can be an excellent choice for those looking to hold key 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 SelfKey (key) Tokens

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

   E-platform	Coin	Cost
   BingX	SelfKey (key)	0.0003577 APY
   Bitget	SelfKey (key)	0.000525 APY
   Bitmart	SelfKey (key)	0.000379 APY
   Bitpanda	SelfKey (key)	0 APY

   See all 7 prices in Uganda

2. 2. Select a SelfKey Lender

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

3. 3. Lend Your SelfKey

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