Introduction
Lending Neon can be an excellent choice for those looking to hold NEON 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 Neon (NEON) Tokens
To lend Neon, you first need to possess it. To acquire Neon, you'll need to buy it. You can select from these well-known exchanges.
View all 22 pricesPlatform Mint Cost Coinbase Neon (NEON) 0,08 BingX Neon (NEON) 0,08 Bitmart Neon (NEON) 0,08 CoinEx Neon (NEON) 0,08 CoinList Neon (NEON) 0,14 Crypto.com Neon (NEON) 0,08 2. Select a Neon Lender
Once you have NEON, you'll need to select a Neon lending platform to lend your tokens. You can explore some options here.
Platform Mint APY Kucoin Neon (NEON) Up to 0,5% APY 3. Earn Neon
Once you've selected a platform to earn your Neon, transfer your Neon 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.
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.
Latest Movements in the Market
Neon (NEON) is currently priced at US$0,5 with a 24-hour trading volume of US$3,14M. The market cap of Neon stands at US$59,32M, with 192,47M NEON in circulation. For those looking to buy or trade Neon, Kucoin offers avenues to do so securely and efficiently
- Market capitalisation
- US$59,32M
- 24-hour trading volume
- US$3,14M
- Circulating supply
- 192,47M NEON