How to Lend Ethereum (ETH): A Step-by-Step Guide for South Africans

Introduction

Lending Ethereum can be an excellent choice for those looking to hold ETH 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 Ethereum (ETH) Tokens
To lend Ethereum, you first need to possess it. To acquire Ethereum, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Nexo Ethereum (ETH) 2 998,25
PrimeXBT Ethereum (ETH) 2 998,02
EarnPark Ethereum (ETH) 2 982,99
YouHodler Ethereum (ETH) 2 994,98
Binance Ethereum (ETH) 2 999,89
BTSE Ethereum (ETH) 2 998,95
View all 82 prices

Platform	Mint	Cost
Nexo	Ethereum (ETH)	2 998,25
PrimeXBT	Ethereum (ETH)	2 998,02
EarnPark	Ethereum (ETH)	2 982,99
YouHodler	Ethereum (ETH)	2 994,98
Binance	Ethereum (ETH)	2 999,89
BTSE	Ethereum (ETH)	2 998,95

2. Select a Ethereum Lender

Once you have ETH, you'll need to select a Ethereum lending platform to lend your tokens. You can explore some options here.

Platform	Mint	APY
Nexo	Ethereum (ETH)	Up to 8% APY
Nebeus	Ethereum (ETH)	Up to 4,5% APY
EarnPark	Ethereum (ETH)	Up to 5% APY
YouHodler	Ethereum (ETH)	Up to 12% APY
Aave	Ethereum (ETH)	Up to 0,42% APY
AQRU	Ethereum (ETH)	Up to 3% APY

View all 30 lending APYs

3. Lend Your Ethereum
Once you've selected a platform to lend your Ethereum, transfer your Ethereum 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.

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.