How to Lend Gains Network (GNS): A Step-by-Step Guide for South Africans

Introduction

Lending Gains Network can be an excellent choice for those looking to hold GNS 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 Gains Network (GNS) Tokens
To lend Gains Network, you first need to possess it. To acquire Gains Network, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Binance Gains Network (GNS) 1,26
Uphold Gains Network (GNS) 1,19
Azbit Gains Network (GNS) 0
BingX Gains Network (GNS) 1,27
Bitget Gains Network (GNS) 1,26
Bitmart Gains Network (GNS) 1,26
View all 27 prices
2. Select a Gains Network Lender
Once you have GNS, you'll need to select a Gains Network lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Bitget Gains Network (GNS) Up to 3% APY
Kucoin Gains Network (GNS) Up to 0,5% APY
3. Lend Your Gains Network
Once you've selected a platform to lend your Gains Network, transfer your Gains Network 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
Binance	Gains Network (GNS)	1,26
Uphold	Gains Network (GNS)	1,19
Azbit	Gains Network (GNS)	0
BingX	Gains Network (GNS)	1,27
Bitget	Gains Network (GNS)	1,26
Bitmart	Gains Network (GNS)	1,26

Platform	Mint	APY
Bitget	Gains Network (GNS)	Up to 3% APY
Kucoin	Gains Network (GNS)	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.