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Introduction

Lending BeFi Labs can be an excellent choice for those looking to hold BEFI 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 BeFi Labs (BEFI) Tokens

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

   Platform	Mint	Cost
   BingX	BeFi Labs (BEFI)	0
   Bitget	BeFi Labs (BEFI)	0,03
   Bitmart	BeFi Labs (BEFI)	0
   Bitpanda	BeFi Labs (BEFI)	0,03
   CoinEx	BeFi Labs (BEFI)	0
   Gate.io	BeFi Labs (BEFI)	0

   View all 14 prices

2. 2. Select a BeFi Labs Lender

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

   Platform	Mint	APY
   Bitget	BeFi Labs (BEFI)	Up to 1% APY

3. 3. Earn BeFi Labs

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