How to Lend APE (ape) in Australia

Introduction

Lending APE can be a great option for those who want to hold ape 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 APE (ape) Tokens

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

   Platform	Coin	Cost
   YouHodler	APE (ape)	0.6
   OKX	APE (ape)	0.6
   Binance	APE (ape)	0.6
   BTSE	APE (ape)	0.6
   Coinbase	APE (ape)	0.6
   Crypto.com	APE (ape)	0.6

   See all 26 prices

2. 2. Choose a APE lender

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

   Platform	Coin	Interest rate
   YouHodler	APE (ape)	Up to 12% p.a.
   SwissBorg	APE (ape)	Up to 3.41% p.a.

   See all 5 lending rates

3. 3. Lend Your APE

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