How to Lend Polygon (MATIC): A Step-by-Step Guide for South Africans

Introduction

Lending Polygon can be an excellent choice for those looking to hold MATIC 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 Polygon (MATIC) Tokens
To lend Polygon, you first need to possess it. To acquire Polygon, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Binance Polygon (MATIC) 0,38
Coinbase Polygon (MATIC) 0,2
Kraken Polygon (MATIC) 0,23
Luno Polygon (MATIC) 0,6
Bake Polygon (MATIC) 0,24
View all 24 prices
2. Select a Polygon Lender
Once you have MATIC, you'll need to select a Polygon lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Nebeus Polygon (MATIC) Up to 13% APY
Coinbase Polygon (MATIC) Up to 2,91% APY
Gemini Polygon (MATIC) Up to 0,01% APY
Kucoin Polygon (MATIC) Up to 5% APY
View all 11 lending APYs
3. Lend Your Polygon
Once you've selected a platform to lend your Polygon, transfer your Polygon 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.

Platform	Mint	Cost
Binance	Polygon (MATIC)	0,38
Coinbase	Polygon (MATIC)	0,2
Kraken	Polygon (MATIC)	0,23
Luno	Polygon (MATIC)	0,6
Bake	Polygon (MATIC)	0,24

Platform	Mint	APY
Nebeus	Polygon (MATIC)	Up to 13% APY
Coinbase	Polygon (MATIC)	Up to 2,91% APY
Gemini	Polygon (MATIC)	Up to 0,01% APY
Kucoin	Polygon (MATIC)	Up to 5% APY

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

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Market capitalisation: US$864,06M
24-hour trading volume: US$12,19M
Circulating supply: 1,92B MATIC

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