How to Earn Ethereum Classic (ETC): A Comprehensive Guide for Australians

Introduction

Lending Ethereum Classic can be a great option for those who want to hold ETC 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 Ethereum Classic (ETC) tokens

To lend Ethereum Classic, you need to possess it. To acquire Ethereum Classic, you'll need to buy it. You can select from these popular exchanges.

Platform	Coin	Cost
Nexo	Ethereum Classic (ETC)	11.7
PrimeXBT	Ethereum Classic (ETC)	11.69
Binance	Ethereum Classic (ETC)	11.69
Coinbase	Ethereum Classic (ETC)	11.71
Kraken	Ethereum Classic (ETC)	11.7
OKX	Ethereum Classic (ETC)	20.9

See all 54 prices

2. Choose a Ethereum Classic lender
Once you have ETC, you'll need to choose a Ethereum Classic lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Blockchain.com Ethereum Classic (ETC) Up to 1% p.a.
Kucoin Ethereum Classic (ETC) Up to 0.19% p.a.
See all 4 lending rates
3. Earn Ethereum Classic
Once you've chosen a platform to earn your Ethereum Classic, transfer your Ethereum Classic 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.

Platform	Coin	Interest rate
Blockchain.com	Ethereum Classic (ETC)	Up to 1% p.a.
Kucoin	Ethereum Classic (ETC)	Up to 0.19% p.a.

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.