How to Lend Binance-Peg Bitcoin Cash (BCH): A Step-by-Step Guide for South Africans

Introduction

Lending Binance-Peg Bitcoin Cash can be an excellent choice for those looking to hold BCH 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 Binance-Peg Bitcoin Cash (BCH) Tokens

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

Platform	Mint	Cost
Nexo	Binance-Peg Bitcoin Cash (BCH)	601,3
Coinbase	Binance-Peg Bitcoin Cash (BCH)	604,66
Kraken	Binance-Peg Bitcoin Cash (BCH)	604,65
Azbit	Binance-Peg Bitcoin Cash (BCH)	605,2
CoinEx	Binance-Peg Bitcoin Cash (BCH)	605,2
CoinW	Binance-Peg Bitcoin Cash (BCH)	605,07

View all 17 prices

2. Select a Binance-Peg Bitcoin Cash Lender
Once you have BCH, you'll need to select a Binance-Peg Bitcoin Cash lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Kucoin Binance-Peg Bitcoin Cash (BCH) Up to 0,5% APY
3. Lend Your Binance-Peg Bitcoin Cash
Once you've selected a platform to lend your Binance-Peg Bitcoin Cash, transfer your Binance-Peg Bitcoin Cash 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	APY
Kucoin	Binance-Peg Bitcoin Cash (BCH)	Up to 0,5% 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.