How to Lend Maker (MKR)

Earn up to
12% APY

What you'll discover

1
How to Lend Maker (MKR) in South Africa
An in-depth guide on how to lend Maker (MKR) in South Africa
2
Statistics about Maker Lending in South Africa
We have a wealth of information on lending Maker (MKR), and we're excited to share some of this with you.
3
Other cryptocurrencies you can lend
We present you with various lending options featuring other cryptocurrencies that may pique your interest.

Latest Movements in the Market

missing en-za translation: common.latest-movements-copy

Market capitalisation: US$1,31B
24-hour trading volume: US$104,33M
Circulating supply: 892 632,9 MKR

Check the latest updates

Top Pairs for Maker in South Africa

Important Notice

Important Notice

Introduction

Lending Maker can be an excellent choice for those looking to hold MKR 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 Maker (MKR) Tokens
To lend Maker, you first need to possess it. To acquire Maker, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Nexo Maker (MKR) 2 224,69
PrimeXBT Maker (MKR) 1 675,3
YouHodler Maker (MKR) 1 814,61
Binance Maker (MKR) 1 813,7
BTSE Maker (MKR) 1 790,92
Coinbase Maker (MKR) 1 374,91
View all 71 prices
2. Select a Maker Lender
Once you have MKR, you'll need to select a Maker lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
YouHodler Maker (MKR) Up to 12% APY
Aave Maker (MKR) Up to 0,02% APY
View all 8 lending APYs
3. Lend Your Maker
Once you've selected a platform to lend your Maker, transfer your Maker 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.

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.