How to Lend Binance-Peg IoTeX (IOTX) in Australia

Introduction

Lending Binance-Peg IoTeX can be a great option for those who want to hold IOTX 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 Binance-Peg IoTeX (IOTX) Tokens

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

   Platform	Coin	Cost
   Azbit	Binance-Peg IoTeX (IOTX)	0.01
   FMFW.io	Binance-Peg IoTeX (IOTX)	0.01
   Kucoin	Binance-Peg IoTeX (IOTX)	0.01

   See all 4 prices

2. 2. Choose a Binance-Peg IoTeX lender

   Once you have IOTX, you'll need to choose a Binance-Peg IoTeX lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Kucoin	Binance-Peg IoTeX (IOTX)	Up to 100% p.a.

3. 3. Lend Your Binance-Peg IoTeX

   Once you've chosen a platform to lend your Binance-Peg IoTeX, transfer your Binance-Peg IoTeX 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.