How to Lend Stellar (XLM): A Step-by-Step Guide for Ugandans

Introduction

Lending Stellar can be an excellent choice for those looking to hold XLM 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 Stellar (XLM) Tokens
To lend Stellar, you first need to possess it. To acquire Stellar, you will have to buy it. You can select from these popular exchanges available in Uganda.
E-platform Coin Cost
Nexo Stellar (XLM) 0.22 APY
PrimeXBT Stellar (XLM) 0.22 APY
EarnPark Stellar (XLM) 0.22 APY
YouHodler Stellar (XLM) 0.22 APY
Binance Stellar (XLM) 0.22 APY
Coinbase Stellar (XLM) 0.22 APY
See all 70 prices in Uganda
2. Select a Stellar Lender
Once you have XLM, you'll need to select a Stellar lending platform to lend your tokens. You can explore some options here.
E-platform Coin APY
Nexo Stellar (XLM) Up to 8% APY
Nebeus Stellar (XLM) Up to 4.5% APY
EarnPark Stellar (XLM) Up to 8% APY
YouHodler Stellar (XLM) Up to 12% APY
Blockchain.com Stellar (XLM) Up to 1% APY
View all 12 APY rates
3. Lend Your Stellar
Once you've selected a platform to lend your Stellar, transfer your Stellar 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
Nexo	Stellar (XLM)	0.22 APY
PrimeXBT	Stellar (XLM)	0.22 APY
EarnPark	Stellar (XLM)	0.22 APY
YouHodler	Stellar (XLM)	0.22 APY
Binance	Stellar (XLM)	0.22 APY
Coinbase	Stellar (XLM)	0.22 APY

E-platform	Coin	APY
Nexo	Stellar (XLM)	Up to 8% APY
Nebeus	Stellar (XLM)	Up to 4.5% APY
EarnPark	Stellar (XLM)	Up to 8% APY
YouHodler	Stellar (XLM)	Up to 12% APY
Blockchain.com	Stellar (XLM)	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.