How to Lend Zilliqa (ZIL): A Step-by-Step Guide for South Africans

Introduction

Lending Zilliqa can be an excellent choice for those looking to hold ZIL 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 Zilliqa (ZIL) Tokens
To lend Zilliqa, you first need to possess it. To acquire Zilliqa, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
EarnPark Zilliqa (ZIL) 0,01
YouHodler Zilliqa (ZIL) 0,01
Binance Zilliqa (ZIL) 0,01
OKX Zilliqa (ZIL) 0,01
Uphold Zilliqa (ZIL) 0,01
Bake Zilliqa (ZIL) 0,01
View all 45 prices
2. Select a Zilliqa Lender
Once you have ZIL, you'll need to select a Zilliqa lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
EarnPark Zilliqa (ZIL) Up to 10% APY
YouHodler Zilliqa (ZIL) Up to 12% APY
Kucoin Zilliqa (ZIL) Up to 1% APY
View all 6 lending APYs
3. Lend Your Zilliqa
Once you've selected a platform to lend your Zilliqa, transfer your Zilliqa 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
EarnPark	Zilliqa (ZIL)	0,01
YouHodler	Zilliqa (ZIL)	0,01
Binance	Zilliqa (ZIL)	0,01
OKX	Zilliqa (ZIL)	0,01
Uphold	Zilliqa (ZIL)	0,01
Bake	Zilliqa (ZIL)	0,01

Platform	Mint	APY
EarnPark	Zilliqa (ZIL)	Up to 10% APY
YouHodler	Zilliqa (ZIL)	Up to 12% APY
Kucoin	Zilliqa (ZIL)	Up to 1% 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.