How to Lend Livepeer (LPT): A Step-by-Step Guide for South Africans

Introduction

Lending Livepeer can be an excellent choice for those looking to hold LPT 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 Livepeer (LPT) Tokens
To lend Livepeer, you first need to possess it. To acquire Livepeer, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
PrimeXBT Livepeer (LPT) 2,93
Binance Livepeer (LPT) 2,93
BTSE Livepeer (LPT) 2,93
Coinbase Livepeer (LPT) 2,93
Kraken Livepeer (LPT) 2,94
OKX Livepeer (LPT) 3,82
View all 53 prices
2. Select a Livepeer Lender
Once you have LPT, you'll need to select a Livepeer lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Gemini Livepeer (LPT) Up to 0,01% APY
Kucoin Livepeer (LPT) Up to 0,5% APY
View all 4 lending APYs
3. Lend Your Livepeer
Once you've selected a platform to lend your Livepeer, transfer your Livepeer 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
PrimeXBT	Livepeer (LPT)	2,93
Binance	Livepeer (LPT)	2,93
BTSE	Livepeer (LPT)	2,93
Coinbase	Livepeer (LPT)	2,93
Kraken	Livepeer (LPT)	2,94
OKX	Livepeer (LPT)	3,82

Platform	Mint	APY
Gemini	Livepeer (LPT)	Up to 0,01% APY
Kucoin	Livepeer (LPT)	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.