How to Lend Wormhole (W): A Step-by-Step Guide for South Africans

Introduction

Lending Wormhole can be an excellent choice for those looking to hold W 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 Wormhole (W) Tokens
To lend Wormhole, you first need to possess it. To acquire Wormhole, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
PrimeXBT Wormhole (W) 0,04
YouHodler Wormhole (W) 0,04
Binance Wormhole (W) 0,04
BTSE Wormhole (W) 0,04
Coinbase Wormhole (W) 0,04
OKX Wormhole (W) 0,08
View all 44 prices
2. Select a Wormhole Lender
Once you have W, you'll need to select a Wormhole lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
YouHodler Wormhole (W) Up to 16% APY
Bitget Wormhole (W) Up to 0,8% APY
Kucoin Wormhole (W) Up to 0,5% APY
View all 5 lending APYs
3. Lend Your Wormhole
Once you've selected a platform to lend your Wormhole, transfer your Wormhole 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
PrimeXBT	Wormhole (W)	0,04
YouHodler	Wormhole (W)	0,04
Binance	Wormhole (W)	0,04
BTSE	Wormhole (W)	0,04
Coinbase	Wormhole (W)	0,04
OKX	Wormhole (W)	0,08

Platform	Mint	APY
YouHodler	Wormhole (W)	Up to 16% APY
Bitget	Wormhole (W)	Up to 0,8% APY
Kucoin	Wormhole (W)	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.