How to Lend Alchemix (ALCX) in Australia

Introduction

Lending Alchemix can be a great option for those who want to hold ALCX 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 Alchemix (ALCX) Tokens

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

   Platform	Coin	Cost
   Binance	Alchemix (ALCX)	10.13
   Coinbase	Alchemix (ALCX)	10.22
   Kraken	Alchemix (ALCX)	10.27
   OKX	Alchemix (ALCX)	8.54
   Uphold	Alchemix (ALCX)	9.97
   BingX	Alchemix (ALCX)	10.17

   See all 24 prices

2. 2. Choose a Alchemix lender

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

   Platform	Coin	Interest rate
   Gemini	Alchemix (ALCX)	Up to 0.01% p.a.

3. 3. Lend Your Alchemix

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