How to Lend STACKS (stacks): A Step-by-Step Guide for Ugandans

Introduction

Lending STACKS can be an excellent choice for those looking to hold stacks 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 STACKS (stacks) Tokens

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

E-platform	Coin	Cost
Uphold	STACKS (stacks)	0.79 APY
BingX	STACKS (stacks)	0.25 APY
Bitget	STACKS (stacks)	0.25 APY
Bitmart	STACKS (stacks)	0.69 APY
Bitpanda	STACKS (stacks)	2.3 APY
Blockchain.com	STACKS (stacks)	0.32 APY

See all 21 prices in Uganda

2. Select a STACKS Lender
Once you have stacks, you'll need to select a STACKS lending platform to lend your tokens. You can explore some options here.
E-platform Coin APY
Bitget STACKS (stacks) Up to 4% APY
Blockchain.com STACKS (stacks) Up to 1% APY
3. Lend Your STACKS
Once you've selected a platform to lend your STACKS, transfer your STACKS 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	APY
Bitget	STACKS (stacks)	Up to 4% APY
Blockchain.com	STACKS (stacks)	Up to 1% 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.