How to Lend Waves (WAVES): A Step-by-Step Guide for South Africans

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. 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. 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. 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. 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	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

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