How to Lend SelfKey (key): A Step-by-Step Guide for South Africans

Introduction

Lending SelfKey can be an excellent choice for those looking to hold key 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 SelfKey (key) Tokens
To lend SelfKey, you first need to possess it. To acquire SelfKey, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
BingX SelfKey (key) 0,0003577
Bitget SelfKey (key) 0,000525
Bitmart SelfKey (key) 0,000379
Bitpanda SelfKey (key) 0
View all 7 prices
2. Select a SelfKey Lender
Once you have key, you'll need to select a SelfKey lending platform to lend your tokens. You can explore some options here.
3. Lend Your SelfKey
Once you've selected a platform to lend your SelfKey, transfer your SelfKey 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
BingX	SelfKey (key)	0,0003577
Bitget	SelfKey (key)	0,000525
Bitmart	SelfKey (key)	0,000379
Bitpanda	SelfKey (key)	0

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.