How to Lend Movement (MOVE): A Step-by-Step Guide for South Africans

Introduction

Lending Movement can be an excellent choice for those looking to hold MOVE 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 Movement (MOVE) Tokens
To lend Movement, you first need to possess it. To acquire Movement, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
PrimeXBT Movement (MOVE) 0,03
YouHodler Movement (MOVE) 0,03
Binance Movement (MOVE) 0,03
Coinbase Movement (MOVE) 0,2
Kraken Movement (MOVE) 0,12
Uphold Movement (MOVE) 0,15
View all 34 prices
2. Select a Movement Lender
Once you have MOVE, you'll need to select a Movement lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
YouHodler Movement (MOVE) Up to 30% APY
3. Lend Your Movement
Once you've selected a platform to lend your Movement, transfer your Movement 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	Movement (MOVE)	0,03
YouHodler	Movement (MOVE)	0,03
Binance	Movement (MOVE)	0,03
Coinbase	Movement (MOVE)	0,2
Kraken	Movement (MOVE)	0,12
Uphold	Movement (MOVE)	0,15

Platform	Mint	APY
YouHodler	Movement (MOVE)	Up to 30% 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.