How to Lend STACKS (stacks)

Introduction

Lending STACKS can be an excellent choice for those looking to hold stacks 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 STACKS (stacks) Tokens

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

   Platform	Mint	Cost
   Uphold	STACKS (stacks)	0,79
   BingX	STACKS (stacks)	0,38
   Bitget	STACKS (stacks)	0,38
   Bitmart	STACKS (stacks)	0,69
   Bitpanda	STACKS (stacks)	2,3
   Blockchain.com	STACKS (stacks)	0,32

   View all 21 prices

2. 2. Select a STACKS Lender

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

   Platform	Mint	APY
   Bitget	STACKS (stacks)	Up to 4% APY
   Blockchain.com	STACKS (stacks)	Up to 1% APY

3. 3. Lend Your STACKS

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