How to Lend Dogecoin (DOGE): A Step-by-Step Guide for South Africans

Introduction

Lending Dogecoin can be an excellent choice for those looking to hold DOGE 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 Dogecoin (DOGE) Tokens
To lend Dogecoin, you first need to possess it. To acquire Dogecoin, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Nexo Dogecoin (DOGE) 0,15
PrimeXBT Dogecoin (DOGE) 0,15
EarnPark Dogecoin (DOGE) 0,15
YouHodler Dogecoin (DOGE) 0,15
Binance Dogecoin (DOGE) 0,15
BTSE Dogecoin (DOGE) 0,15
View all 67 prices
2. Select a Dogecoin Lender
Once you have DOGE, you'll need to select a Dogecoin lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Nexo Dogecoin (DOGE) Up to 3% APY
EarnPark Dogecoin (DOGE) Up to 7% APY
YouHodler Dogecoin (DOGE) Up to 12% APY
Bitget Dogecoin (DOGE) Up to 2% APY
Blockchain.com Dogecoin (DOGE) Up to 1% APY
View all 14 lending APYs
3. Lend Your Dogecoin
Once you've selected a platform to lend your Dogecoin, transfer your Dogecoin 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
Nexo	Dogecoin (DOGE)	0,15
PrimeXBT	Dogecoin (DOGE)	0,15
EarnPark	Dogecoin (DOGE)	0,15
YouHodler	Dogecoin (DOGE)	0,15
Binance	Dogecoin (DOGE)	0,15
BTSE	Dogecoin (DOGE)	0,15

Platform	Mint	APY
Nexo	Dogecoin (DOGE)	Up to 3% APY
EarnPark	Dogecoin (DOGE)	Up to 7% APY
YouHodler	Dogecoin (DOGE)	Up to 12% APY
Bitget	Dogecoin (DOGE)	Up to 2% APY
Blockchain.com	Dogecoin (DOGE)	Up to 1% 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.