How to Lend Illuvium (ILV): A Step-by-Step Guide for South Africans

Introduction

Lending Illuvium can be an excellent choice for those looking to hold ILV 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 Illuvium (ILV) Tokens
To lend Illuvium, you first need to possess it. To acquire Illuvium, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
YouHodler Illuvium (ILV) 5,64
Binance Illuvium (ILV) 5,65
BTSE Illuvium (ILV) 5,63
Coinbase Illuvium (ILV) 5,65
OKX Illuvium (ILV) 5,69
Uphold Illuvium (ILV) 13,27
View all 45 prices
2. Select a Illuvium Lender
Once you have ILV, you'll need to select a Illuvium lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
YouHodler Illuvium (ILV) Up to 12% APY
Kucoin Illuvium (ILV) Up to 0,5% APY
View all 4 lending APYs
3. Lend Your Illuvium
Once you've selected a platform to lend your Illuvium, transfer your Illuvium 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	Illuvium (ILV)	5,64
Binance	Illuvium (ILV)	5,65
BTSE	Illuvium (ILV)	5,63
Coinbase	Illuvium (ILV)	5,65
OKX	Illuvium (ILV)	5,69
Uphold	Illuvium (ILV)	13,27

Platform	Mint	APY
YouHodler	Illuvium (ILV)	Up to 12% APY
Kucoin	Illuvium (ILV)	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.