How to Lend MultiversX (EGLD): A Step-by-Step Guide for South Africans

Introduction

Lending MultiversX can be an excellent choice for those looking to hold EGLD 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 MultiversX (EGLD) Tokens
To lend MultiversX, you first need to possess it. To acquire MultiversX, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
PrimeXBT MultiversX (EGLD) 6,2
YouHodler MultiversX (EGLD) 6,19
Binance MultiversX (EGLD) 6,2
BTSE MultiversX (EGLD) 6,21
Coinbase MultiversX (EGLD) 6,21
Kraken MultiversX (EGLD) 6,19
View all 53 prices
2. Select a MultiversX Lender
Once you have EGLD, you'll need to select a MultiversX lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
YouHodler MultiversX (EGLD) Up to 16% APY
Bitget MultiversX (EGLD) Up to 0,3% APY
Kucoin MultiversX (EGLD) Up to 6% APY
View all 5 lending APYs
3. Lend Your MultiversX
Once you've selected a platform to lend your MultiversX, transfer your MultiversX 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	MultiversX (EGLD)	6,2
YouHodler	MultiversX (EGLD)	6,19
Binance	MultiversX (EGLD)	6,2
BTSE	MultiversX (EGLD)	6,21
Coinbase	MultiversX (EGLD)	6,21
Kraken	MultiversX (EGLD)	6,19

Platform	Mint	APY
YouHodler	MultiversX (EGLD)	Up to 16% APY
Bitget	MultiversX (EGLD)	Up to 0,3% APY
Kucoin	MultiversX (EGLD)	Up to 6% 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.