How to Lend Basic Attention (BAT) in Australia: A Step-by-Step Guide

Introduction

Lending Basic Attention can be a great option for those who want to hold BAT 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. Obtain Basic Attention (BAT) Tokens
To lend Basic Attention, you need to possess it. To acquire Basic Attention, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Nexo Basic Attention (BAT) 0.2
YouHodler Basic Attention (BAT) 0.2
Binance Basic Attention (BAT) 0.2
BTSE Basic Attention (BAT) 0.2
OKX Basic Attention (BAT) 0.15
Uphold Basic Attention (BAT) 0.14
See all 49 prices
2. Choose a Basic Attention lender
Once you have BAT, you'll need to choose a Basic Attention lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
YouHodler Basic Attention (BAT) Up to 12% p.a.
Gemini Basic Attention (BAT) Up to 0.01% p.a.
See all 6 lending rates
3. Lend Your Basic Attention
Once you've chosen a platform to lend your Basic Attention, transfer your Basic Attention 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. 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.

Platform	Coin	Cost
Nexo	Basic Attention (BAT)	0.2
YouHodler	Basic Attention (BAT)	0.2
Binance	Basic Attention (BAT)	0.2
BTSE	Basic Attention (BAT)	0.2
OKX	Basic Attention (BAT)	0.15
Uphold	Basic Attention (BAT)	0.14

Platform	Coin	Interest rate
YouHodler	Basic Attention (BAT)	Up to 12% p.a.
Gemini	Basic Attention (BAT)	Up to 0.01% p.a.

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.