How to Lend Enjin Coin (ENJ)

Introduction

Lending Enjin Coin can be an excellent choice for those looking to hold ENJ 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 Enjin Coin (ENJ) Tokens

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

   Platform	Mint	Cost
   Binance	Enjin Coin (ENJ)	0,03
   BTSE	Enjin Coin (ENJ)	0,03
   Coinbase	Enjin Coin (ENJ)	0,29
   Kraken	Enjin Coin (ENJ)	0,03
   OKX	Enjin Coin (ENJ)	0,1
   Bake	Enjin Coin (ENJ)	0,03

   View all 50 prices

2. 2. Select a Enjin Coin Lender

   Once you have ENJ, you'll need to select a Enjin Coin lending platform to lend your tokens. You can explore some options here.

   Platform	Mint	APY
   Kucoin	Enjin Coin (ENJ)	Up to 4% APY

3. 3. Lend Your Enjin Coin

   Once you've selected a platform to lend your Enjin Coin, transfer your Enjin Coin 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.