How to Lend Binance-Peg SHIB (SHIB) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Coinbase	Binance-Peg SHIB (SHIB)	0.00000717
   Bitvavo	Binance-Peg SHIB (SHIB)	0.00001344
   CoinEx	Binance-Peg SHIB (SHIB)	0.00000717
   Hotcoin	Binance-Peg SHIB (SHIB)	0.00000717
   MEXC Global	Binance-Peg SHIB (SHIB)	0.000007166

   See all 10 prices

2. 2. Choose a Binance-Peg SHIB lender

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

   Platform	Coin	Interest rate
   MEXC Global	Binance-Peg SHIB (SHIB)	Up to 0.4% p.a.

3. 3. Lend Your Binance-Peg SHIB

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