How to Lend NEXO (NEXO)

Introduction

Lending NEXO can be an excellent choice for those looking to hold NEXO 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. 1. Acquire NEXO (NEXO) Tokens

   To lend NEXO, you first need to possess it. To acquire NEXO, you'll need to buy it. You can select from these well-known exchanges.

   Platform	Mint	Cost
   Nexo	NEXO (NEXO)	0,92
   Binance	NEXO (NEXO)	0,92
   Azbit	NEXO (NEXO)	0,92
   Bitfinex	NEXO (NEXO)	0,92
   Bitget	NEXO (NEXO)	0,92
   Bitmart	NEXO (NEXO)	0,92

   View all 32 prices

2. 2. Select a NEXO Lender

   Once you have NEXO, you'll need to select a NEXO lending platform to lend your tokens. You can explore some options here.

   Platform	Mint	APY
   Nexo	NEXO (NEXO)	Up to 12% APY

3. 3. Lend Your NEXO

   Once you've selected a platform to lend your NEXO, transfer your NEXO 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. 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.