How to Lend Algowave (ALGO) in Australia: A Step-by-Step Guide

Introduction

Lending Algowave can be a great option for those who want to hold ALGO 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. Obtain Algowave (ALGO) Tokens
To lend Algowave, you need to possess it. To acquire Algowave, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Kraken Algowave (ALGO) 0.12
CoinEx Algowave (ALGO) 0.12
Hotcoin Algowave (ALGO) 0.12
Kucoin Algowave (ALGO) 0.12
MEXC Global Algowave (ALGO) 0.12
See all 10 prices
2. Choose a Algowave lender
Once you have ALGO, you'll need to choose a Algowave lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Kucoin Algowave (ALGO) Up to 0.5% p.a.
3. Lend Your Algowave
Once you've chosen a platform to lend your Algowave, transfer your Algowave 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. 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.

Platform	Coin	Cost
Kraken	Algowave (ALGO)	0.12
CoinEx	Algowave (ALGO)	0.12
Hotcoin	Algowave (ALGO)	0.12
Kucoin	Algowave (ALGO)	0.12
MEXC Global	Algowave (ALGO)	0.12

Platform	Coin	Interest rate
Kucoin	Algowave (ALGO)	Up to 0.5% p.a.

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.