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Introduction

Lending SKALE can be an excellent choice for those looking to hold SKL 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 SKALE (SKL) Tokens

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

   Platform	Mint	Cost
   Binance	SKALE (SKL)	0,01
   BTSE	SKALE (SKL)	0,01
   Coinbase	SKALE (SKL)	0,01
   OKX	SKALE (SKL)	0,03
   Uphold	SKALE (SKL)	0,02
   Azbit	SKALE (SKL)	0,01

   View all 50 prices

2. 2. Select a SKALE Lender

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

   Platform	Mint	APY
   Bitget	SKALE (SKL)	Up to 1% APY
   Gemini	SKALE (SKL)	Up to 0,01% APY
   Kucoin	SKALE (SKL)	Up to 0,5% APY

   View all 5 lending APYs

3. 3. Earn SKALE

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