How to Lend Lisk (LSK)

Introduction

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

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

   Platform	Mint	Cost
   Kraken	Lisk (LSK)	0,37
   OKX	Lisk (LSK)	0,36
   Binance	Lisk (LSK)	0,37
   BingX	Lisk (LSK)	0,37
   Bitget	Lisk (LSK)	0,37
   Bitpanda	Lisk (LSK)	1,22

   View all 29 prices

2. 2. Select a Lisk Lender

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

   Platform	Mint	APY
   Kucoin	Lisk (LSK)	Up to 0,5% APY

3. 3. Lend Your Lisk

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