How to Lend Pax Dollar (USDP)

Introduction

Lending Pax Dollar can be an excellent choice for those looking to hold USDP 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 Pax Dollar (USDP) Tokens

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

   Platform	Mint	Cost
   YouHodler	Pax Dollar (USDP)	1
   Binance	Pax Dollar (USDP)	1
   Azbit	Pax Dollar (USDP)	1
   BingX	Pax Dollar (USDP)	1

   View all 22 prices

2. 2. Select a Pax Dollar Lender

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

   Platform	Mint	APY
   Nexo	Pax Dollar (USDP)	Up to 14% APY
   YouHodler	Pax Dollar (USDP)	Up to 500% APY
   Neverless	Pax Dollar (USDP)	Up to 14% APY
   BTSE	Pax Dollar (USDP)	Up to 5,5% APY

   View all 6 lending APYs

3. 3. Lend Your Pax Dollar

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