Introduction
Lending Echelon Prime can be an excellent choice for those looking to hold PRIME 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 Echelon Prime (PRIME) Tokens
To lend Echelon Prime, you first need to possess it. To acquire Echelon Prime, you'll need to buy it. You can select from these well-known exchanges.
2. Select a Echelon Prime Lender
Once you have PRIME, you'll need to select a Echelon Prime lending platform to lend your tokens. You can explore some options here.
3. Earn Echelon Prime
Once you've selected a platform to earn your Echelon Prime, transfer your Echelon Prime 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
- Market capitalisation
- US$711,55M
- 24-hour trading volume
- US$40,39M
- Circulating supply
- 52,95M PRIME