How to Lend 1inch (1INCH): A Step-by-Step Guide for South Africans

Introduction

Lending 1inch can be an excellent choice for those looking to hold 1INCH 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 1inch (1INCH) Tokens
To lend 1inch, you first need to possess it. To acquire 1inch, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Nexo 1inch (1INCH) 0,15
PrimeXBT 1inch (1INCH) 0,15
YouHodler 1inch (1INCH) 0,15
Binance 1inch (1INCH) 0,15
BTSE 1inch (1INCH) 0,15
Coinbase 1inch (1INCH) 0,15
View all 61 prices
2. Select a 1inch Lender
Once you have 1INCH, you'll need to select a 1inch lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Nebeus 1inch (1INCH) Up to 13% APY
YouHodler 1inch (1INCH) Up to 12% APY
Aave 1inch (1INCH) Up to 0,09% APY
View all 9 lending APYs
3. Lend Your 1inch
Once you've selected a platform to lend your 1inch, transfer your 1inch into your wallet on the lending platform. Once it's deposited, it will begin to earn 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. Make sure your lending platform pays compounding interest to maximise your returns.

Platform	Mint	Cost
Nexo	1inch (1INCH)	0,15
PrimeXBT	1inch (1INCH)	0,15
YouHodler	1inch (1INCH)	0,15
Binance	1inch (1INCH)	0,15
BTSE	1inch (1INCH)	0,15
Coinbase	1inch (1INCH)	0,15

Platform	Mint	APY
Nebeus	1inch (1INCH)	Up to 13% APY
YouHodler	1inch (1INCH)	Up to 12% APY
Aave	1inch (1INCH)	Up to 0,09% 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.