How to Lend Zen (ZEN): A Step-by-Step Guide for South Africans

Introduction

Lending Zen can be an excellent choice for those looking to hold ZEN 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 Zen (ZEN) Tokens
To lend Zen, you first need to possess it. To acquire Zen, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Bybit Zen (ZEN) 9,29
Kucoin Zen (ZEN) 9,3
View all 4 prices
2. Select a Zen Lender
Once you have ZEN, you'll need to select a Zen lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Kucoin Zen (ZEN) Up to 0,46% APY
3. Lend Your Zen
Once you've selected a platform to lend your Zen, transfer your Zen 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
Bybit	Zen (ZEN)	9,29
Kucoin	Zen (ZEN)	9,3

Platform	Mint	APY
Kucoin	Zen (ZEN)	Up to 0,46% 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.