How to Lend ApeCoin (APE)

Introduction

Lending ApeCoin can be an excellent choice for those looking to hold APE 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 ApeCoin (APE) Tokens

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

   Platform	Mint	Cost
   Nexo	ApeCoin (APE)	0,2
   PrimeXBT	ApeCoin (APE)	0,2
   Uphold	ApeCoin (APE)	0,7
   Bake	ApeCoin (APE)	0,2
   BingX	ApeCoin (APE)	0,2
   Bitfinex	ApeCoin (APE)	0,2

   View all 36 prices

2. 2. Select a ApeCoin Lender

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

   Platform	Mint	APY
   Nexo	ApeCoin (APE)	Up to 9% APY
   Bitget	ApeCoin (APE)	Up to 12% APY
   Blockchain.com	ApeCoin (APE)	Up to 1% APY
   Gemini	ApeCoin (APE)	Up to 0,01% APY

   View all 6 lending APYs

3. 3. Lend Your ApeCoin

   Once you've selected a platform to lend your ApeCoin, transfer your ApeCoin 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. 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.

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.