Introduction
Lending Celer Network can be an excellent choice for those looking to hold CELR 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 Celer Network (CELR) Tokens
To lend Celer Network, you first need to possess it. To acquire Celer Network, you'll need to buy it. You can select from these well-known exchanges.
2. Select a Celer Network Lender
Once you have CELR, you'll need to select a Celer Network lending platform to lend your tokens. You can explore some options here.
Platform Mint APY Kucoin Celer Network (CELR) Up to 0,5% APY 3. Earn Celer Network
Once you've selected a platform to earn your Celer Network, transfer your Celer Network 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
Celer Network (CELR) is currently priced at US$0,5 with a 24-hour trading volume of US$6,82M. The market cap of Celer Network stands at US$94,14M, with 5,65B CELR in circulation. For those looking to buy or trade Celer Network, Kucoin offers avenues to do so securely and efficiently
- Market capitalisation
- US$94,14M
- 24-hour trading volume
- US$6,82M
- Circulating supply
- 5,65B CELR