How to Earn Bitcoin Cash (BCH): A Comprehensive Guide for Australians

Introduction

Lending Bitcoin Cash can be a great option for those who want to hold BCH while earning yield. The steps may seem a bit daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. Obtain Bitcoin Cash (BCH) tokens
To lend Bitcoin Cash, you need to possess it. To acquire Bitcoin Cash, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Nexo Bitcoin Cash (BCH) 631.71
PrimeXBT Bitcoin Cash (BCH) 629.81
EarnPark Bitcoin Cash (BCH) 629.69
YouHodler Bitcoin Cash (BCH) 629.7
Binance Bitcoin Cash (BCH) 630.3
OKX Bitcoin Cash (BCH) 631.8
See all 57 prices

Platform	Coin	Cost
Nexo	Bitcoin Cash (BCH)	631.71
PrimeXBT	Bitcoin Cash (BCH)	629.81
EarnPark	Bitcoin Cash (BCH)	629.69
YouHodler	Bitcoin Cash (BCH)	629.7
Binance	Bitcoin Cash (BCH)	630.3
OKX	Bitcoin Cash (BCH)	631.8

2. Choose a Bitcoin Cash lender

Once you have BCH, you'll need to choose a Bitcoin Cash lending platform to lend your tokens. You can find some options here.

Platform	Coin	Interest rate
Nexo	Bitcoin Cash (BCH)	Up to 11% p.a.
Nebeus	Bitcoin Cash (BCH)	Up to 4.5% p.a.
EarnPark	Bitcoin Cash (BCH)	Up to 5% p.a.
YouHodler	Bitcoin Cash (BCH)	Up to 12% p.a.
Blockchain.com	Bitcoin Cash (BCH)	Up to 2% p.a.

See all 14 lending rates

3. Earn Bitcoin Cash
Once you've chosen a platform to earn your Bitcoin Cash, transfer your Bitcoin Cash into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Ensure your earning platform pays compounding interest to maximise your returns.

What to Be Aware Of

Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don't lend more than you're prepared to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.