How to Lend Ankr Network (ANKR): A Step-by-Step Guide for South Africans

Introduction

Lending Ankr Network can be an excellent choice for those looking to hold ANKR 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 Ankr Network (ANKR) Tokens
To lend Ankr Network, you first need to possess it. To acquire Ankr Network, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Binance Ankr Network (ANKR) 0,01
BTSE Ankr Network (ANKR) 0,01
Coinbase Ankr Network (ANKR) 0,01
Kraken Ankr Network (ANKR) 0,01
Uphold Ankr Network (ANKR) 0,02
Azbit Ankr Network (ANKR) 0,01
View all 46 prices
2. Select a Ankr Network Lender
Once you have ANKR, you'll need to select a Ankr Network lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Gemini Ankr Network (ANKR) Up to 0,01% APY
Kucoin Ankr Network (ANKR) Up to 0,11% APY
View all 4 lending APYs
3. Lend Your Ankr Network
Once you've selected a platform to lend your Ankr Network, transfer your Ankr Network 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
Binance	Ankr Network (ANKR)	0,01
BTSE	Ankr Network (ANKR)	0,01
Coinbase	Ankr Network (ANKR)	0,01
Kraken	Ankr Network (ANKR)	0,01
Uphold	Ankr Network (ANKR)	0,02
Azbit	Ankr Network (ANKR)	0,01

Platform	Mint	APY
Gemini	Ankr Network (ANKR)	Up to 0,01% APY
Kucoin	Ankr Network (ANKR)	Up to 0,11% 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.