How to Lend Celsius Network (CEL): A Step-by-Step Guide for South Africans

Introduction

Lending Celsius Network can be an excellent choice for those looking to hold CEL 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 Celsius Network (CEL) Tokens

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

Platform	Mint	Cost
Bitget	Celsius Network (CEL)	0,14
Bitmart	Celsius Network (CEL)	0,08
CoinEx	Celsius Network (CEL)	0,06
FMFW.io	Celsius Network (CEL)	0,53
Gate.io	Celsius Network (CEL)	0,03
MEXC Global	Celsius Network (CEL)	0,11

View all 12 prices

2. Select a Celsius Network Lender
Once you have CEL, you'll need to select a Celsius Network lending platform to lend your tokens. You can explore some options here.
3. Lend Your Celsius Network
Once you've selected a platform to lend your Celsius Network, transfer your Celsius Network 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.