How to Earn Solar (SXP): A Step-by-Step Guide for South Africans

Introduction

Lending Solar can be an excellent choice for those looking to hold SXP 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 Solar (SXP) Tokens
To lend Solar, you first need to possess it. To acquire Solar, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Binance Solar (SXP) 0,06
Bake Solar (SXP) 0,06
BingX Solar (SXP) 0,06
Bitget Solar (SXP) 0,06
Bitmart Solar (SXP) 0,18
Bitpanda Solar (SXP) 0,39
View all 26 prices
2. Select a Solar Lender
Once you have SXP, you'll need to select a Solar lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Kucoin Solar (SXP) Up to 0,5% APY
3. Earn Solar
Once you've selected a platform to earn your Solar, transfer your Solar 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.

Platform	Mint	Cost
Binance	Solar (SXP)	0,06
Bake	Solar (SXP)	0,06
BingX	Solar (SXP)	0,06
Bitget	Solar (SXP)	0,06
Bitmart	Solar (SXP)	0,18
Bitpanda	Solar (SXP)	0,39

Platform	Mint	APY
Kucoin	Solar (SXP)	Up to 0,5% APY

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.