How to Lend Stellar (XLM)

Introduction

Lending Stellar can be an excellent choice for those looking to hold XLM 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 Stellar (XLM) Tokens

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

   Platform	Mint	Cost
   Nexo	Stellar (XLM)	0,22
   PrimeXBT	Stellar (XLM)	0,22
   EarnPark	Stellar (XLM)	0,22
   YouHodler	Stellar (XLM)	0,22
   Binance	Stellar (XLM)	0,22
   Coinbase	Stellar (XLM)	0,22

   View all 70 prices

2. 2. Select a Stellar Lender

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

   Platform	Mint	APY
   Nexo	Stellar (XLM)	Up to 8% APY
   Nebeus	Stellar (XLM)	Up to 4,5% APY
   EarnPark	Stellar (XLM)	Up to 8% APY
   YouHodler	Stellar (XLM)	Up to 12% APY
   Blockchain.com	Stellar (XLM)	Up to 1% APY

   View all 12 lending APYs

3. 3. Lend Your Stellar

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