Introduction
Lending Ribbon Finance can be an excellent choice for those looking to hold RBN 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 Ribbon Finance (RBN) Tokens
To lend Ribbon Finance, you first need to possess it. To acquire Ribbon Finance, you'll need to buy it. You can select from these well-known exchanges.
2. Select a Ribbon Finance Lender
Once you have RBN, you'll need to select a Ribbon Finance lending platform to lend your tokens. You can explore some options here.
Platform Mint APY Gemini Ribbon Finance (RBN) Up to 0,01% APY 3. Earn Ribbon Finance
Once you've selected a platform to earn your Ribbon Finance, transfer your Ribbon Finance 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
Ribbon Finance (RBN) is currently priced at US$0,01 with a 24-hour trading volume of US$180 988. The market cap of Ribbon Finance stands at US$32,8M, with 97,85M RBN in circulation. For those looking to buy or trade Ribbon Finance, Gemini offers avenues to do so securely and efficiently
- Market capitalisation
- US$32,8M
- 24-hour trading volume
- US$180 988
- Circulating supply
- 97,85M RBN
