How to Lend Bitcoin (BTC)

Introduction

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

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

   Platform	Mint	Cost
   Nexo	Bitcoin (BTC)	91 923,26
   PrimeXBT	Bitcoin (BTC)	91 958,7
   EarnPark	Bitcoin (BTC)	92 010,4
   YouHodler	Bitcoin (BTC)	91 917,66
   Binance	Bitcoin (BTC)	91 913,04
   BTSE	Bitcoin (BTC)	91 895

   View all 80 prices

2. 2. Select a Bitcoin Lender

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

   Platform	Mint	APY
   Nexo	Bitcoin (BTC)	Up to 7% APY
   Nebeus	Bitcoin (BTC)	Up to 4,5% APY
   EarnPark	Bitcoin (BTC)	Up to 15% APY
   YouHodler	Bitcoin (BTC)	Up to 12% APY
   Neverless	Bitcoin (BTC)	Up to 7,25% APY

   View all 26 lending APYs

3. 3. Lend Your Bitcoin

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