How to Earn Moonbeam (GLMR): A Step-by-Step Guide for South Africans

Introduction

Lending Moonbeam can be an excellent choice for those looking to hold GLMR 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 Moonbeam (GLMR) Tokens
To lend Moonbeam, you first need to possess it. To acquire Moonbeam, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Binance Moonbeam (GLMR) 0,02
BTSE Moonbeam (GLMR) 0,02
Kraken Moonbeam (GLMR) 0,02
OKX Moonbeam (GLMR) 0,09
Uphold Moonbeam (GLMR) 0,08
BingX Moonbeam (GLMR) 0,02
View all 39 prices
2. Select a Moonbeam Lender
Once you have GLMR, you'll need to select a Moonbeam lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Kucoin Moonbeam (GLMR) Up to 0,5% APY
3. Earn Moonbeam
Once you've selected a platform to earn your Moonbeam, transfer your Moonbeam 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
Binance	Moonbeam (GLMR)	0,02
BTSE	Moonbeam (GLMR)	0,02
Kraken	Moonbeam (GLMR)	0,02
OKX	Moonbeam (GLMR)	0,09
Uphold	Moonbeam (GLMR)	0,08
BingX	Moonbeam (GLMR)	0,02

Platform	Mint	APY
Kucoin	Moonbeam (GLMR)	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.