Introduction
Lending 1inch can be an excellent choice for those looking to hold 1INCH while earning a return. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.
Step-by-Step Guide for South African Investors
1. Acquire 1inch (1INCH) Tokens
To lend 1inch, you first need to possess it. To acquire 1inch, you'll need to buy it. You can select from these well-known exchanges.
View all 61 pricesPlatform Mint Cost Nexo 1inch (1INCH) 0,24 PrimeXBT 1inch (1INCH) 0,24 YouHodler 1inch (1INCH) 0,24 Binance 1inch (1INCH) 0,24 BTSE 1inch (1INCH) 0,24 Coinbase 1inch (1INCH) 0,24 2. Select a 1inch Lender
Once you have 1INCH, you'll need to select a 1inch lending platform to lend your tokens. You can explore some options here.
View all 9 lending APYsPlatform Mint APY Nebeus 1inch (1INCH) Up to 13% APY YouHodler 1inch (1INCH) Up to 12% APY Aave 1inch (1INCH) Up to 0,09% APY 3. Earn 1inch
Once you've selected a platform to earn your 1inch, transfer your 1inch into your wallet on the earning platform. Once it's deposited, it will start earning APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest in South Africa
Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more interest you can earn. Try to ensure your earning platform pays compounding interest to maximise your returns.
What to Keep in Mind
Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Movements in the Market
1inch (1INCH) is currently priced at US$0,09 with a 24-hour trading volume of US$73,19M. The market cap of 1inch stands at US$534,19M, with 1,4B 1INCH in circulation. For those looking to buy or trade 1inch, Nebeus offers avenues to do so securely and efficiently
- Market capitalisation
- US$534,19M
- 24-hour trading volume
- US$73,19M
- Circulating supply
- 1,4B 1INCH