How to Lend Cosmos Hub (ATOM)

Introduction

Lending Cosmos Hub can be an excellent choice for those looking to hold ATOM 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 Cosmos Hub (ATOM) Tokens

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

   Platform	Mint	Cost
   Nexo	Cosmos Hub (ATOM)	1,95
   PrimeXBT	Cosmos Hub (ATOM)	1,94
   YouHodler	Cosmos Hub (ATOM)	1,94
   Binance	Cosmos Hub (ATOM)	1,94
   BTSE	Cosmos Hub (ATOM)	1,94
   Coinbase	Cosmos Hub (ATOM)	1,94

   View all 69 prices

2. 2. Select a Cosmos Hub Lender

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

   Platform	Mint	APY
   Nexo	Cosmos Hub (ATOM)	Up to 11% APY
   YouHodler	Cosmos Hub (ATOM)	Up to 16% APY
   Bitget	Cosmos Hub (ATOM)	Up to 9% APY
   Coinbase	Cosmos Hub (ATOM)	Up to 14,04% APY

   View all 11 lending APYs

3. 3. Lend Your Cosmos Hub

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