How to Earn NEM (XEM): A Comprehensive Guide for Australians

Introduction

Lending NEM can be a great option for those who want to hold XEM 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 NEM (XEM) tokens
To lend NEM, you need to possess it. To acquire NEM, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Binance NEM (XEM) 0.02
BingX NEM (XEM) 0
Bitget NEM (XEM) 0
Bitmart NEM (XEM) 0
Bitpanda NEM (XEM) 0.03
Bybit NEM (XEM) 0
See all 25 prices
2. Choose a NEM lender
Once you have XEM, you'll need to choose a NEM lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Kucoin NEM (XEM) Up to 0.5% p.a.
3. Earn NEM
Once you've chosen a platform to earn your NEM, transfer your NEM 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
Binance	NEM (XEM)	0.02
BingX	NEM (XEM)	0
Bitget	NEM (XEM)	0
Bitmart	NEM (XEM)	0
Bitpanda	NEM (XEM)	0.03
Bybit	NEM (XEM)	0

Platform	Coin	Interest rate
Kucoin	NEM (XEM)	Up to 0.5% 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.