Introduction
Lending EthereumPoW can be an excellent choice for those looking to hold ETHW 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 EthereumPoW (ETHW) Tokens
To lend EthereumPoW, you first need to possess it. To acquire EthereumPoW, you'll need to buy it. You can select from these well-known exchanges.
2. Select a EthereumPoW Lender
Once you have ETHW, you'll need to select a EthereumPoW lending platform to lend your tokens. You can explore some options here.
Platform Mint APY MEXC Global EthereumPoW (ETHW) Up to 3% APY 3. Earn EthereumPoW
Once you've selected a platform to earn your EthereumPoW, transfer your EthereumPoW 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
EthereumPoW (ETHW) is currently priced at US$3 with a 24-hour trading volume of US$9,93M. The market cap of EthereumPoW stands at US$326,71M, with 107,82M ETHW in circulation. For those looking to buy or trade EthereumPoW, MEXC Global offers avenues to do so securely and efficiently
- Market capitalisation
- US$326,71M
- 24-hour trading volume
- US$9,93M
- Circulating supply
- 107,82M ETHW
