How to Lend 1inch (1INCH) in Australia

Introduction

Lending 1inch can be a great option for those who want to hold 1INCH 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 1inch (1INCH) Tokens

   To lend 1inch, you need to possess it. To acquire 1inch, you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Cost
   Nexo	1inch (1INCH)	0.15
   PrimeXBT	1inch (1INCH)	0.15
   YouHodler	1inch (1INCH)	0.15
   Binance	1inch (1INCH)	0.15
   BTSE	1inch (1INCH)	0.15
   Coinbase	1inch (1INCH)	0.15

   See all 61 prices

2. 2. Choose a 1inch lender

   Once you have 1INCH, you'll need to choose a 1inch lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Nebeus	1inch (1INCH)	Up to 13% p.a.
   YouHodler	1inch (1INCH)	Up to 12% p.a.
   Aave	1inch (1INCH)	Up to 0.09% p.a.

   See all 9 lending rates

3. 3. Lend Your 1inch

   Once you've chosen a platform to lend your 1inch, transfer your 1inch 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.