Where and How to Earn Reserve Rights (RSR)

Introduction

Lending Reserve Rights can be an excellent choice for those looking to hold RSR 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 Reserve Rights (RSR) Tokens

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

   Platform	Mint	Cost
   PrimeXBT	Reserve Rights (RSR)	0,01
   Uphold	Reserve Rights (RSR)	0,01
   Kraken	Reserve Rights (RSR)	0,01
   OKX	Reserve Rights (RSR)	0,01
   Binance	Reserve Rights (RSR)	0,01
   BTSE	Reserve Rights (RSR)	0,01

   View all 49 prices

2. 2. Select a Reserve Rights Lender

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

   Platform	Mint	APY
   Kucoin	Reserve Rights (RSR)	Up to 0,5% APY

3. 3. Earn Reserve Rights

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