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Introduction

Lending Shiba Inu can be an excellent choice for those looking to hold SHIB 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 Shiba Inu (SHIB) Tokens

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

   Platform	Mint	Cost
   YouHodler	Shiba Inu (SHIB)	0,000007076
   Binance	Shiba Inu (SHIB)	0,00000708
   BTSE	Shiba Inu (SHIB)	0,000007091
   OKX	Shiba Inu (SHIB)	0,00001234
   Uphold	Shiba Inu (SHIB)	0,00001307
   Bake	Shiba Inu (SHIB)	0,00000709

   View all 42 prices

2. 2. Select a Shiba Inu Lender

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

   Platform	Mint	APY
   YouHodler	Shiba Inu (SHIB)	Up to 16% APY
   CEX.io	Shiba Inu (SHIB)	Up to 1% APY

   View all 6 lending APYs

3. 3. Earn Shiba Inu

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