How to Lend $WEN (Stacks) (WEN): A Step-by-Step Guide for South Africans

Introduction

Lending $WEN (Stacks) can be an excellent choice for those looking to hold WEN 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 $WEN (Stacks) (WEN) Tokens

To lend $WEN (Stacks), you first need to possess it. To acquire $WEN (Stacks), you'll need to buy it. You can select from these well-known exchanges.

Platform	Mint	Cost
Uphold	$WEN (Stacks) (WEN)	0,00004285
Bitstamp	$WEN (Stacks) (WEN)	0,0000065
CoinEx	$WEN (Stacks) (WEN)	0,000006882
Crypto.com	$WEN (Stacks) (WEN)	0,00000677
Gate.io	$WEN (Stacks) (WEN)	0,000006881
Hotcoin	$WEN (Stacks) (WEN)	0,00003883

View all 24 prices

2. Select a $WEN (Stacks) Lender
Once you have WEN, you'll need to select a $WEN (Stacks) lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Kucoin $WEN (Stacks) (WEN) Up to 0,5% APY
3. Lend Your $WEN (Stacks)
Once you've selected a platform to lend your $WEN (Stacks), transfer your $WEN (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	APY
Kucoin	$WEN (Stacks) (WEN)	Up to 0,5% 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.