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Introduction

Lending Cardano can be an excellent choice for those looking to hold ADA 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 Cardano (ADA) Tokens

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

   Platform	Mint	Cost
   Nexo	Cardano (ADA)	0,39
   PrimeXBT	Cardano (ADA)	0,39
   YouHodler	Cardano (ADA)	0,39
   Binance	Cardano (ADA)	0,39
   BTSE	Cardano (ADA)	0,39
   Coinbase	Cardano (ADA)	0,39

   View all 73 prices

2. 2. Select a Cardano Lender

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

   Platform	Mint	APY
   Nexo	Cardano (ADA)	Up to 8% APY
   YouHodler	Cardano (ADA)	Up to 12% APY
   Bitget	Cardano (ADA)	Up to 1,8% APY
   Blockchain.com	Cardano (ADA)	Up to 1% APY

   View all 12 lending APYs

3. 3. Earn Cardano

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