How to Lend PAX Gold (PAXG)

Introduction

Lending PAX Gold can be an excellent choice for those looking to hold PAXG 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 Gold (PAXG) Tokens

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

   Platform	Mint	Cost
   Nexo	PAX Gold (PAXG)	3 411,51
   YouHodler	PAX Gold (PAXG)	3 409,98
   Binance	PAX Gold (PAXG)	3 411,47
   Coinbase	PAX Gold (PAXG)	3 415,21
   Kraken	PAX Gold (PAXG)	3 413,36
   Luno	PAX Gold (PAXG)	3 365

   View all 44 prices

2. 2. Select a PAX Gold Lender

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

   Platform	Mint	APY
   Nexo	PAX Gold (PAXG)	Up to 7% APY
   YouHodler	PAX Gold (PAXG)	Up to 12% APY
   Gemini	PAX Gold (PAXG)	Up to 0,01% APY
   Kucoin	PAX Gold (PAXG)	Up to 0,36% APY

   View all 7 lending APYs

3. 3. Lend Your PAX Gold

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