missing en-za translation: how-to.verb.earn.hero.heading

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. 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)	78,64
   PrimeXBT	Litecoin (LTC)	78,54
   YouHodler	Litecoin (LTC)	78,48
   Binance	Litecoin (LTC)	78,59
   BTSE	Litecoin (LTC)	78,55
   Kraken	Litecoin (LTC)	78,5

   View all 61 prices

2. 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. 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. 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.