How to Lend Ravencoin (RVN): A Step-by-Step Guide for South Africans

Introduction

Lending Ravencoin can be an excellent choice for those looking to hold RVN 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 Ravencoin (RVN) Tokens
To lend Ravencoin, you first need to possess it. To acquire Ravencoin, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Binance Ravencoin (RVN) 0,01
OKX Ravencoin (RVN) 0,01
Uphold Ravencoin (RVN) 0,01
BingX Ravencoin (RVN) 0,01
Bitget Ravencoin (RVN) 0,01
Bitmart Ravencoin (RVN) 0,01
View all 36 prices
2. Select a Ravencoin Lender
Once you have RVN, you'll need to select a Ravencoin lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Kucoin Ravencoin (RVN) Up to 0,5% APY
3. Lend Your Ravencoin
Once you've selected a platform to lend your Ravencoin, transfer your Ravencoin 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	Ravencoin (RVN)	0,01
OKX	Ravencoin (RVN)	0,01
Uphold	Ravencoin (RVN)	0,01
BingX	Ravencoin (RVN)	0,01
Bitget	Ravencoin (RVN)	0,01
Bitmart	Ravencoin (RVN)	0,01

Platform	Mint	APY
Kucoin	Ravencoin (RVN)	Up to 0,5% 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.