Introduction
Lending Nano can be an excellent choice for those looking to hold XNO 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 Nano (XNO) Tokens
To lend Nano, you first need to possess it. To acquire Nano, you'll need to buy it. You can select from these well-known exchanges.
View all 20 pricesPlatform Mint Cost Binance Nano (XNO) 0,94 OKX Nano (XNO) 1,08 BingX Nano (XNO) 0,94 Bitpanda Nano (XNO) 1,28 Bybit Nano (XNO) 0,94 CoinEx Nano (XNO) 0,94 2. Select a Nano Lender
Once you have XNO, you'll need to select a Nano lending platform to lend your tokens. You can explore some options here.
Platform Mint APY Kucoin Nano (XNO) Up to 0,38% APY 3. Lend Your Nano
Once you've selected a platform to lend your Nano, transfer your Nano 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.
Latest Movements in the Market
- Market capitalisation
- US$174,31M
- 24-hour trading volume
- US$1,88M
- Circulating supply
- 133,25M XNO