How to Lend Band Protocol (BAND) in Australia

Introduction

Lending Band Protocol can be a great option for those who want to hold BAND 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 Band Protocol (BAND) Tokens

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

   Platform	Coin	Cost
   Binance	Band Protocol (BAND)	0.34
   BTSE	Band Protocol (BAND)	0.34
   Coinbase	Band Protocol (BAND)	0.34
   Kraken	Band Protocol (BAND)	0.34
   OKX	Band Protocol (BAND)	0.83
   Uphold	Band Protocol (BAND)	0.69

   See all 46 prices

2. 2. Choose a Band Protocol lender

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

   Platform	Coin	Interest rate
   Kucoin	Band Protocol (BAND)	Up to 0.5% p.a.

3. 3. Lend Your Band Protocol

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