How to Lend bitSmiley (SMILE) in Australia

Introduction

Lending bitSmiley can be a great option for those who want to hold SMILE 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 bitSmiley (SMILE) Tokens

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

   Platform	Coin	Cost
   BingX	bitSmiley (SMILE)	0.02
   Bitget	bitSmiley (SMILE)	0.02
   Bitmart	bitSmiley (SMILE)	0.02
   Gate.io	bitSmiley (SMILE)	0.0008973
   Kucoin	bitSmiley (SMILE)	0
   MEXC Global	bitSmiley (SMILE)	0.03

   See all 14 prices

2. 2. Choose a bitSmiley lender

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

   Platform	Coin	Interest rate
   Kucoin	bitSmiley (SMILE)	Up to 0.04% p.a.

3. 3. Lend Your bitSmiley

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