How to Lend Augur (REP): A Step-by-Step Guide for South Africans

Introduction

Lending Augur can be an excellent choice for those looking to hold REP 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 Augur (REP) Tokens
To lend Augur, you first need to possess it. To acquire Augur, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Binance Augur (REP) 4,73
Coinbase Augur (REP) 0,68
Kraken Augur (REP) 0,82
BingX Augur (REP) 1,2
Bitpanda Augur (REP) 0,68
View all 11 prices
2. Select a Augur Lender
Once you have REP, you'll need to select a Augur lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
YouHodler Augur (REP) Up to 12% APY
3. Lend Your Augur
Once you've selected a platform to lend your Augur, transfer your Augur 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	Augur (REP)	4,73
Coinbase	Augur (REP)	0,68
Kraken	Augur (REP)	0,82
BingX	Augur (REP)	1,2
Bitpanda	Augur (REP)	0,68

Platform	Mint	APY
YouHodler	Augur (REP)	Up to 12% 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.