How to Earn Frax Share (FXS): A Step-by-Step Guide for South Africans

Introduction

Lending Frax Share can be an excellent choice for those looking to hold FXS 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 Frax Share (FXS) Tokens
To lend Frax Share, you first need to possess it. To acquire Frax Share, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Nexo Frax Share (FXS) 0,89
Binance Frax Share (FXS) 0,89
Kraken Frax Share (FXS) 0,89
OKX Frax Share (FXS) 0,66
Uphold Frax Share (FXS) 3,04
BingX Frax Share (FXS) 0,77
View all 45 prices
2. Select a Frax Share Lender
Once you have FXS, you'll need to select a Frax Share lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Aave Frax Share (FXS) Up to 0% APY
Kucoin Frax Share (FXS) Up to 0,5% APY
View all 4 lending APYs
3. Earn Frax Share
Once you've selected a platform to earn your Frax Share, transfer your Frax Share 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	Cost
Nexo	Frax Share (FXS)	0,89
Binance	Frax Share (FXS)	0,89
Kraken	Frax Share (FXS)	0,89
OKX	Frax Share (FXS)	0,66
Uphold	Frax Share (FXS)	3,04
BingX	Frax Share (FXS)	0,77

Platform	Mint	APY
Aave	Frax Share (FXS)	Up to 0% APY
Kucoin	Frax Share (FXS)	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.