How to Earn MultiversX (EGLD): A Comprehensive Guide for Australians

Introduction

Lending MultiversX can be a great option for those who want to hold EGLD 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 MultiversX (EGLD) tokens
To lend MultiversX, you need to possess it. To acquire MultiversX, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
PrimeXBT MultiversX (EGLD) 6.19
YouHodler MultiversX (EGLD) 6.2
Binance MultiversX (EGLD) 6.2
BTSE MultiversX (EGLD) 6.2
Coinbase MultiversX (EGLD) 6.18
Kraken MultiversX (EGLD) 6.2
See all 53 prices
2. Choose a MultiversX lender
Once you have EGLD, you'll need to choose a MultiversX lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
YouHodler MultiversX (EGLD) Up to 16% p.a.
Bitget MultiversX (EGLD) Up to 0.3% p.a.
Kucoin MultiversX (EGLD) Up to 6% p.a.
See all 5 lending rates
3. Earn MultiversX
Once you've chosen a platform to earn your MultiversX, transfer your MultiversX 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	Cost
PrimeXBT	MultiversX (EGLD)	6.19
YouHodler	MultiversX (EGLD)	6.2
Binance	MultiversX (EGLD)	6.2
BTSE	MultiversX (EGLD)	6.2
Coinbase	MultiversX (EGLD)	6.18
Kraken	MultiversX (EGLD)	6.2

Platform	Coin	Interest rate
YouHodler	MultiversX (EGLD)	Up to 16% p.a.
Bitget	MultiversX (EGLD)	Up to 0.3% p.a.
Kucoin	MultiversX (EGLD)	Up to 6% 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.