How to Lend Beercoin (BEER) in Australia

Introduction

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

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

   Platform	Coin	Cost
   BingX	Beercoin (BEER)	0.0000033
   Bitget	Beercoin (BEER)	0.000003826
   Bitmart	Beercoin (BEER)	0.00000228
   Bitpanda	Beercoin (BEER)	0.0000133
   CoinEx	Beercoin (BEER)	0.000003304
   Gate.io	Beercoin (BEER)	0.000003532

   See all 20 prices

2. 2. Choose a Beercoin lender

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

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

3. 3. Lend Your Beercoin

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