How to Lend POL (ex-MATIC) (POL)

Introduction

Lending POL (ex-MATIC) can be an excellent choice for those looking to hold POL 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 POL (ex-MATIC) (POL) Tokens

   To lend POL (ex-MATIC), you first need to possess it. To acquire POL (ex-MATIC), you'll need to buy it. You can select from these well-known exchanges.

   Platform	Mint	Cost
   Nexo	POL (ex-MATIC) (POL)	0,16
   PrimeXBT	POL (ex-MATIC) (POL)	0,16
   YouHodler	POL (ex-MATIC) (POL)	0,16
   Binance	POL (ex-MATIC) (POL)	0,16
   BTSE	POL (ex-MATIC) (POL)	0,16
   Coinbase	POL (ex-MATIC) (POL)	0,16

   View all 63 prices

2. 2. Select a POL (ex-MATIC) Lender

   Once you have POL, you'll need to select a POL (ex-MATIC) lending platform to lend your tokens. You can explore some options here.

   Platform	Mint	APY
   Nexo	POL (ex-MATIC) (POL)	Up to 7% APY
   YouHodler	POL (ex-MATIC) (POL)	Up to 16% APY
   Bitget	POL (ex-MATIC) (POL)	Up to 4,2% APY

   View all 8 lending APYs

3. 3. Lend Your POL (ex-MATIC)

   Once you've selected a platform to lend your POL (ex-MATIC), transfer your POL (ex-MATIC) 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.