Introduction
Lending PayPal USD can be an excellent choice for those looking to hold PYUSD 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 PayPal USD (PYUSD) Tokens
To lend PayPal USD, you first need to possess it. To acquire PayPal USD, you'll need to buy it. You can select from these well-known exchanges.
2. Select a PayPal USD Lender
Once you have PYUSD, you'll need to select a PayPal USD lending platform to lend your tokens. You can explore some options here.
Platform Mint APY Aave PayPal USD (PYUSD) Up to 5,75% APY Bitget PayPal USD (PYUSD) Up to 8% APY 3. Earn PayPal USD
Once you've selected a platform to earn your PayPal USD, transfer your PayPal USD 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
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- Market capitalisation
- US$523,59M
- 24-hour trading volume
- US$18,58M
- Circulating supply
- 523,63M PYUSD
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