How to Lend API3 (API3) in Australia

Introduction

Lending API3 can be a great option for those who want to hold API3 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 API3 (API3) Tokens

   To lend API3, you need to possess it. To acquire API3, you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Cost
   Binance	API3 (API3)	0.44
   Coinbase	API3 (API3)	0.44
   Kraken	API3 (API3)	0.43
   OKX	API3 (API3)	1.22
   Uphold	API3 (API3)	0.74
   Bake	API3 (API3)	0.44

   See all 44 prices

2. 2. Choose a API3 lender

   Once you have API3, you'll need to choose a API3 lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Kucoin	API3 (API3)	Up to 0.5% p.a.

3. 3. Lend Your API3

   Once you've chosen a platform to lend your API3, transfer your API3 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.