How to Lend EOS (EOS)

Introduction

Lending EOS can be an excellent choice for those looking to hold EOS 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 EOS (EOS) Tokens

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

   Platform	Mint	Cost
   Nexo	EOS (EOS)	0,78
   PrimeXBT	EOS (EOS)	0,75
   EarnPark	EOS (EOS)	0,18
   YouHodler	EOS (EOS)	0,78
   Binance	EOS (EOS)	0,78
   BTSE	EOS (EOS)	0,78

   View all 55 prices

2. 2. Select a EOS Lender

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

   Platform	Mint	APY
   Nexo	EOS (EOS)	Up to 8% APY
   Nebeus	EOS (EOS)	Up to 4,5% APY
   EarnPark	EOS (EOS)	Up to 10% APY
   YouHodler	EOS (EOS)	Up to 12% APY

   View all 6 lending APYs

3. 3. Lend Your EOS

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