How to Lend Status (SNT): A Step-by-Step Guide for South Africans

Introduction

Lending Status can be an excellent choice for those looking to hold SNT 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 Status (SNT) Tokens
To lend Status, you first need to possess it. To acquire Status, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Binance Status (SNT) 0,03
OKX Status (SNT) 0,02
BingX Status (SNT) 0,04
Bitget Status (SNT) 0,01
Bitmart Status (SNT) 0,03
Bitpanda Status (SNT) 0,04
View all 23 prices
2. Select a Status Lender
Once you have SNT, you'll need to select a Status lending platform to lend your tokens. You can explore some options here.
3. Lend Your Status
Once you've selected a platform to lend your Status, transfer your Status 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	Status (SNT)	0,03
OKX	Status (SNT)	0,02
BingX	Status (SNT)	0,04
Bitget	Status (SNT)	0,01
Bitmart	Status (SNT)	0,03
Bitpanda	Status (SNT)	0,04

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.