How to Lend 0x Protocol (ZRX) in Australia

Introduction

Lending 0x Protocol can be a great option for those who want to hold ZRX 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 0x Protocol (ZRX) Tokens

   To lend 0x Protocol, you need to possess it. To acquire 0x Protocol, you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Cost
   PrimeXBT	0x Protocol (ZRX)	0.27
   YouHodler	0x Protocol (ZRX)	0.27
   Uphold	0x Protocol (ZRX)	0.25
   Kraken	0x Protocol (ZRX)	0.27
   OKX	0x Protocol (ZRX)	0.26
   Binance	0x Protocol (ZRX)	0.27

   See all 58 prices

2. 2. Choose a 0x Protocol lender

   Once you have ZRX, you'll need to choose a 0x Protocol lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   YouHodler	0x Protocol (ZRX)	Up to 12% p.a.
   Gemini	0x Protocol (ZRX)	Up to 0.01% p.a.

   See all 4 lending rates

3. 3. Lend Your 0x Protocol

   Once you've chosen a platform to lend your 0x Protocol, transfer your 0x Protocol into your wallet on the lending 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 lending 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 willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.