How to Lend Ethereum Classic (ETC)

Introduction

Lending Ethereum Classic can be an excellent choice for those looking to hold ETC 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 Ethereum Classic (ETC) Tokens

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

   Platform	Mint	Cost
   Nexo	Ethereum Classic (ETC)	11,71
   PrimeXBT	Ethereum Classic (ETC)	11,7
   Binance	Ethereum Classic (ETC)	11,71
   Coinbase	Ethereum Classic (ETC)	11,71
   Kraken	Ethereum Classic (ETC)	11,71
   OKX	Ethereum Classic (ETC)	20,9

   View all 54 prices

2. 2. Select a Ethereum Classic Lender

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

   Platform	Mint	APY
   Blockchain.com	Ethereum Classic (ETC)	Up to 1% APY
   Kucoin	Ethereum Classic (ETC)	Up to 0,19% APY

   View all 4 lending APYs

3. 3. Lend Your Ethereum Classic

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