Where and How to Earn Dogecoin (DOGE)

Introduction

Lending Dogecoin can be an excellent choice for those looking to hold DOGE 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 Dogecoin (DOGE) Tokens

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

   Platform	Mint	Cost
   Nexo	Dogecoin (DOGE)	0,14
   PrimeXBT	Dogecoin (DOGE)	0,14
   EarnPark	Dogecoin (DOGE)	0,14
   YouHodler	Dogecoin (DOGE)	0,14
   Binance	Dogecoin (DOGE)	0,14
   BTSE	Dogecoin (DOGE)	0,14

   View all 67 prices

2. 2. Select a Dogecoin Lender

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

   Platform	Mint	APY
   Nexo	Dogecoin (DOGE)	Up to 3% APY
   EarnPark	Dogecoin (DOGE)	Up to 7% APY
   YouHodler	Dogecoin (DOGE)	Up to 12% APY
   Bitget	Dogecoin (DOGE)	Up to 2% APY
   Blockchain.com	Dogecoin (DOGE)	Up to 1% APY

   View all 14 lending APYs

3. 3. Earn Dogecoin

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