How to Earn Ethereum Name Service (ENS): A Step-by-Step Guide for South Africans

Introduction

Lending Ethereum Name Service can be an excellent choice for those looking to hold ENS 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 Ethereum Name Service (ENS) Tokens

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

Platform	Mint	Cost
PrimeXBT	Ethereum Name Service (ENS)	9,58
Binance	Ethereum Name Service (ENS)	9,58
BTSE	Ethereum Name Service (ENS)	9,59
Coinbase	Ethereum Name Service (ENS)	9,57
Kraken	Ethereum Name Service (ENS)	9,58
OKX	Ethereum Name Service (ENS)	24,74

View all 62 prices

2. Select a Ethereum Name Service Lender
Once you have ENS, you'll need to select a Ethereum Name Service lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Aave Ethereum Name Service (ENS) Up to 0,02% APY
Kucoin Ethereum Name Service (ENS) Up to 0,5% APY
View all 4 lending APYs
3. Earn Ethereum Name Service
Once you've selected a platform to earn your Ethereum Name Service, transfer your Ethereum Name Service 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.

Platform	Mint	APY
Aave	Ethereum Name Service (ENS)	Up to 0,02% APY
Kucoin	Ethereum Name Service (ENS)	Up to 0,5% APY

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.