Where and How to Earn NEM (XEM) in Australia

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. 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. 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. 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. 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.