How to Lend Flare (FLR): A Step-by-Step Guide for South Africans

Introduction

Lending Flare can be an excellent choice for those looking to hold FLR 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 Flare (FLR) Tokens
To lend Flare, you first need to possess it. To acquire Flare, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
YouHodler Flare (FLR) 0,01
Coinbase Flare (FLR) 0,01
Kraken Flare (FLR) 0,01
OKX Flare (FLR) 0,02
Uphold Flare (FLR) 0,02
BingX Flare (FLR) 0,01
View all 42 prices
2. Select a Flare Lender
Once you have FLR, you'll need to select a Flare lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Kucoin Flare (FLR) Up to 0,5% APY
3. Lend Your Flare
Once you've selected a platform to lend your Flare, transfer your Flare 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
YouHodler	Flare (FLR)	0,01
Coinbase	Flare (FLR)	0,01
Kraken	Flare (FLR)	0,01
OKX	Flare (FLR)	0,02
Uphold	Flare (FLR)	0,02
BingX	Flare (FLR)	0,01

Platform	Mint	APY
Kucoin	Flare (FLR)	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.