How to Lend STACKS (stacks): A Step-by-Step Guide for South Africans

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. 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) 0,25
Bitget STACKS (stacks) 0,25
Bitmart STACKS (stacks) 0,69
Bitpanda STACKS (stacks) 2,3
Blockchain.com STACKS (stacks) 0,32
View all 21 prices
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. 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. 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
Uphold	STACKS (stacks)	0,79
BingX	STACKS (stacks)	0,25
Bitget	STACKS (stacks)	0,25
Bitmart	STACKS (stacks)	0,69
Bitpanda	STACKS (stacks)	2,3
Blockchain.com	STACKS (stacks)	0,32

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