How to Lend Basic Attention (BAT) in Australia

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. 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)	0.16
   YouHodler	Basic Attention (BAT)	0.17
   Binance	Basic Attention (BAT)	0.17
   BTSE	Basic Attention (BAT)	0.17
   OKX	Basic Attention (BAT)	0.15
   Uphold	Basic Attention (BAT)	0.14

   See all 49 prices

2. 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. 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. 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.