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Introduction

Lending Alchemix can be an excellent choice for those looking to hold ALCX 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. 1. Acquire Alchemix (ALCX) Tokens

   To lend Alchemix, you first need to possess it. To acquire Alchemix, you'll need to buy it. You can select from these well-known exchanges.

   Platform	Mint	Cost
   Binance	Alchemix (ALCX)	7,64
   Coinbase	Alchemix (ALCX)	7,62
   Kraken	Alchemix (ALCX)	7,67
   OKX	Alchemix (ALCX)	8,54
   Uphold	Alchemix (ALCX)	9,97
   BingX	Alchemix (ALCX)	7,63

   View all 24 prices

2. 2. Select a Alchemix Lender

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

   Platform	Mint	APY
   Gemini	Alchemix (ALCX)	Up to 0,01% APY

3. 3. Earn Alchemix

   Once you've selected a platform to earn your Alchemix, transfer your Alchemix 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. 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.