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

Introduction

Lending 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 Bitcoin Cash (BCH) Tokens
To lend Bitcoin Cash, you first need to possess it. To acquire Bitcoin Cash, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Nexo Bitcoin Cash (BCH) 641,21
PrimeXBT Bitcoin Cash (BCH) 639,27
EarnPark Bitcoin Cash (BCH) 638,89
YouHodler Bitcoin Cash (BCH) 639,29
Binance Bitcoin Cash (BCH) 639,6
OKX Bitcoin Cash (BCH) 637,6
View all 57 prices

Platform	Mint	Cost
Nexo	Bitcoin Cash (BCH)	641,21
PrimeXBT	Bitcoin Cash (BCH)	639,27
EarnPark	Bitcoin Cash (BCH)	638,89
YouHodler	Bitcoin Cash (BCH)	639,29
Binance	Bitcoin Cash (BCH)	639,6
OKX	Bitcoin Cash (BCH)	637,6

2. Select a Bitcoin Cash Lender

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

Platform	Mint	APY
Nexo	Bitcoin Cash (BCH)	Up to 11% APY
Nebeus	Bitcoin Cash (BCH)	Up to 4,5% APY
EarnPark	Bitcoin Cash (BCH)	Up to 5% APY
YouHodler	Bitcoin Cash (BCH)	Up to 12% APY
Blockchain.com	Bitcoin Cash (BCH)	Up to 2% APY

View all 14 lending APYs

3. Lend Your Bitcoin Cash
Once you've selected a platform to lend your Bitcoin Cash, transfer your 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.

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.