Where and How to Earn Solar (SXP) in Australia

Introduction

Lending Solar can be a great option for those who want to hold SXP 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 Solar (SXP) tokens

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

   Platform	Coin	Cost
   Binance	Solar (SXP)	0.1
   Bake	Solar (SXP)	0.1
   BingX	Solar (SXP)	0.1
   Bitget	Solar (SXP)	0.1
   Bitmart	Solar (SXP)	0.18
   Bitpanda	Solar (SXP)	0.39

   See all 26 prices

2. 2. Choose a Solar lender

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

   Platform	Coin	Interest rate
   Kucoin	Solar (SXP)	Up to 0.5% p.a.

3. 3. Earn Solar

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