Introduction
Lending Tezos can be an excellent choice for those looking to hold XTZ 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 Tezos (XTZ) Tokens
To lend Tezos, you first need to possess it. To acquire Tezos, you will have to buy it. You can select from these popular exchanges available in Uganda.
See all 57 prices in UgandaE-platform Coin Cost PrimeXBT Tezos (XTZ) 0.44 APY YouHodler Tezos (XTZ) 0.44 APY Binance Tezos (XTZ) 0.44 APY BTSE Tezos (XTZ) 0.44 APY Coinbase Tezos (XTZ) 0.44 APY OKX Tezos (XTZ) 0.74 APY 2. Select a Tezos Lender
Once you have XTZ, you'll need to select a Tezos lending platform to lend your tokens. You can explore some options here.
View all 6 APY ratesE-platform Coin APY YouHodler Tezos (XTZ) Up to 12% APY 3. Lend Your Tezos
Once you've selected a platform to lend your Tezos, transfer your Tezos 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.
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.
Latest Movements in Uganda's Financial Landscape
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- Market capitalization
- US$1.29B
- 24-hour trading volume
- US$72.25M
- Available supply
- 1.02B XTZ

