How to Lend DegenAds (DEGEN): A Step-by-Step Guide for South Africans

Introduction

Lending DegenAds can be an excellent choice for those looking to hold DEGEN 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 DegenAds (DEGEN) Tokens
To lend DegenAds, you first need to possess it. To acquire DegenAds, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Kucoin DegenAds (DEGEN) 0
2. Select a DegenAds Lender
Once you have DEGEN, you'll need to select a DegenAds lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Kucoin DegenAds (DEGEN) Up to 0,5% APY
3. Lend Your DegenAds
Once you've selected a platform to lend your DegenAds, transfer your DegenAds 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	Cost
Kucoin	DegenAds (DEGEN)	0

Platform	Mint	APY
Kucoin	DegenAds (DEGEN)	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.