How to Earn Litecoin (LTC): A Step-by-Step Guide for South Africans

Introduction

Lending Litecoin can be an excellent choice for those looking to hold LTC 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 Litecoin (LTC) Tokens
To lend Litecoin, you first need to possess it. To acquire Litecoin, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Nexo Litecoin (LTC) 75,61
PrimeXBT Litecoin (LTC) 75,56
YouHodler Litecoin (LTC) 75,57
Binance Litecoin (LTC) 75,61
BTSE Litecoin (LTC) 75,59
Kraken Litecoin (LTC) 75,57
View all 61 prices
2. Select a Litecoin Lender
Once you have LTC, you'll need to select a Litecoin lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Nexo Litecoin (LTC) Up to 8% APY
Nebeus Litecoin (LTC) Up to 4,5% APY
YouHodler Litecoin (LTC) Up to 16% APY
Bitget Litecoin (LTC) Up to 0,3% APY
Blockchain.com Litecoin (LTC) Up to 1% APY
View all 11 lending APYs
3. Earn Litecoin
Once you've selected a platform to earn your Litecoin, transfer your Litecoin 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	Litecoin (LTC)	75,61
PrimeXBT	Litecoin (LTC)	75,56
YouHodler	Litecoin (LTC)	75,57
Binance	Litecoin (LTC)	75,61
BTSE	Litecoin (LTC)	75,59
Kraken	Litecoin (LTC)	75,57

Platform	Mint	APY
Nexo	Litecoin (LTC)	Up to 8% APY
Nebeus	Litecoin (LTC)	Up to 4,5% APY
YouHodler	Litecoin (LTC)	Up to 16% APY
Bitget	Litecoin (LTC)	Up to 0,3% APY
Blockchain.com	Litecoin (LTC)	Up to 1% 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.