How to Lend TrueUSD (TUSD)

Introduction

Lending TrueUSD can be an excellent choice for those looking to hold TUSD 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 TrueUSD (TUSD) Tokens

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

   E-platform	Coin	Cost
   YouHodler	TrueUSD (TUSD)	1 APY
   Binance	TrueUSD (TUSD)	1 APY
   Kraken	TrueUSD (TUSD)	0.99 APY
   Uphold	TrueUSD (TUSD)	1 APY
   Azbit	TrueUSD (TUSD)	1 APY

   See all 35 prices in Uganda

2. 2. Select a TrueUSD Lender

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

   E-platform	Coin	APY
   Nexo	TrueUSD (TUSD)	Up to 14% APY
   YouHodler	TrueUSD (TUSD)	Up to 20% APY
   Bitget	TrueUSD (TUSD)	Up to 9% APY
   CEX.io	TrueUSD (TUSD)	Up to 4% APY
   Kucoin	TrueUSD (TUSD)	Up to 0.5% APY

   View all 8 APY rates

3. 3. Lend Your TrueUSD

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