How to Lend Avalanche (AVAX) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Nexo	Avalanche (AVAX)	14.02
   PrimeXBT	Avalanche (AVAX)	14.01
   EarnPark	Avalanche (AVAX)	13.97
   YouHodler	Avalanche (AVAX)	14.01
   Binance	Avalanche (AVAX)	14.01
   BTSE	Avalanche (AVAX)	14.01

   See all 81 prices

2. 2. Choose a Avalanche lender

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

   Platform	Coin	Interest rate
   Nexo	Avalanche (AVAX)	Up to 8% p.a.
   EarnPark	Avalanche (AVAX)	Up to 7% p.a.
   YouHodler	Avalanche (AVAX)	Up to 16% p.a.
   Bitget	Avalanche (AVAX)	Up to 3.8% p.a.
   Blockchain.com	Avalanche (AVAX)	Up to 4% p.a.

   See all 16 lending rates

3. 3. Lend Your Avalanche

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