How to Lend Worldwide USD (WUSD): A Step-by-Step Guide for South Africans

Introduction

Lending Worldwide USD can be an excellent choice for those looking to hold WUSD 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 Worldwide USD (WUSD) Tokens
To lend Worldwide USD, you first need to possess it. To acquire Worldwide USD, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Probit Worldwide USD (WUSD) 1
2. Select a Worldwide USD Lender
Once you have WUSD, you'll need to select a Worldwide USD lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
BTSE Worldwide USD (WUSD) Up to 6% APY
3. Lend Your Worldwide USD
Once you've selected a platform to lend your Worldwide USD, transfer your Worldwide USD 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
Probit	Worldwide USD (WUSD)	1

Platform	Mint	APY
BTSE	Worldwide USD (WUSD)	Up to 6% 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.