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Introduction

Lending First Digital USD can be an excellent choice for those looking to hold FDUSD 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 First Digital USD (FDUSD) Tokens

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

   Platform	Mint	Cost
   Binance	First Digital USD (FDUSD)	1
   Azbit	First Digital USD (FDUSD)	1
   BingX	First Digital USD (FDUSD)	1
   Bitget	First Digital USD (FDUSD)	1
   Bybit	First Digital USD (FDUSD)	1

   View all 19 prices

2. 2. Select a First Digital USD Lender

   Once you have FDUSD, you'll need to select a First Digital USD lending platform to lend your tokens. You can explore some options here.

   Platform	Mint	APY
   Aave	First Digital USD (FDUSD)	Up to 2,86% APY
   BTSE	First Digital USD (FDUSD)	Up to 7% APY

   View all 5 lending APYs

3. 3. Earn First Digital USD

   Once you've selected a platform to earn your First Digital USD, transfer your First Digital USD 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.