How to Lend Waves (WAVES)

Introduction

Lending Waves can be an excellent choice for those looking to hold WAVES 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 Waves (WAVES) Tokens

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

   Platform	Mint	Cost
   Binance	Waves (WAVES)	1,08
   Azbit	Waves (WAVES)	0,69
   BingX	Waves (WAVES)	0,69
   Bitfinex	Waves (WAVES)	2,33
   Bitget	Waves (WAVES)	0,69
   Bitmart	Waves (WAVES)	0,69

   View all 28 prices

2. 2. Select a Waves Lender

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

   Platform	Mint	APY
   Kucoin	Waves (WAVES)	Up to 2,8% APY

3. 3. Lend Your Waves

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