Where and How to Earn NEM (XEM)

Introduction

Lending NEM can be an excellent choice for those looking to hold XEM 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 NEM (XEM) Tokens

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

   Platform	Mint	Cost
   Binance	NEM (XEM)	0,02
   BingX	NEM (XEM)	0
   Bitget	NEM (XEM)	0
   Bitmart	NEM (XEM)	0
   Bitpanda	NEM (XEM)	0,03
   Bybit	NEM (XEM)	0

   View all 25 prices

2. 2. Select a NEM Lender

   Once you have XEM, you'll need to select a NEM lending platform to lend your tokens. You can explore some options here.

   Platform	Mint	APY
   Kucoin	NEM (XEM)	Up to 0,5% APY

3. 3. Earn NEM

   Once you've selected a platform to earn your NEM, transfer your NEM 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.