Where and How to Earn Nimiq (NIM) in Australia

Introduction

Lending Nimiq can be a great option for those who want to hold NIM 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 Nimiq (NIM) tokens

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

   Platform	Coin	Cost
   CoinEx	Nimiq (NIM)	0.0007481
   Gate.io	Nimiq (NIM)	0.0007467
   HTX	Nimiq (NIM)	0
   MEXC Global	Nimiq (NIM)	0.000752

   See all 8 prices

2. 2. Choose a Nimiq lender

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

   Platform	Coin	Interest rate
   Kucoin	Nimiq (NIM)	Up to 16% p.a.

3. 3. Earn Nimiq

   Once you've chosen a platform to earn your Nimiq, transfer your Nimiq 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.