How to Lend ApeCoin (APE) in Australia

Introduction

Lending ApeCoin 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 ApeCoin (APE) Tokens

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

   Platform	Coin	Cost
   Nexo	ApeCoin (APE)	0.21
   PrimeXBT	ApeCoin (APE)	0.21
   Uphold	ApeCoin (APE)	0.7
   Bake	ApeCoin (APE)	0.21
   BingX	ApeCoin (APE)	0.21
   Bitfinex	ApeCoin (APE)	0.21

   See all 36 prices

2. 2. Choose a ApeCoin lender

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

   Platform	Coin	Interest rate
   Nexo	ApeCoin (APE)	Up to 9% p.a.
   Bitget	ApeCoin (APE)	Up to 12% p.a.
   Blockchain.com	ApeCoin (APE)	Up to 1% p.a.
   Gemini	ApeCoin (APE)	Up to 0.01% p.a.

   See all 6 lending rates

3. 3. Lend Your ApeCoin

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