How to Lend API3 (API3)

Introduction

Lending API3 can be an excellent choice for those looking to hold API3 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 API3 (API3) Tokens

   To lend API3, you first need to possess it. To acquire API3, you'll need to buy it. You can select from these well-known exchanges.

   Platform	Mint	Cost
   Binance	API3 (API3)	0,44
   Coinbase	API3 (API3)	0,44
   Kraken	API3 (API3)	0,43
   OKX	API3 (API3)	1,22
   Uphold	API3 (API3)	0,74
   Bake	API3 (API3)	0,44

   View all 44 prices

2. 2. Select a API3 Lender

   Once you have API3, you'll need to select a API3 lending platform to lend your tokens. You can explore some options here.

   Platform	Mint	APY
   Kucoin	API3 (API3)	Up to 0,5% APY

3. 3. Lend Your API3

   Once you've selected a platform to lend your API3, transfer your API3 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.