How to Lend Bittensor (TAO) in Australia

Introduction

Lending Bittensor can be a great option for those who want to hold TAO 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 Bittensor (TAO) Tokens

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

   Platform	Coin	Cost
   PrimeXBT	Bittensor (TAO)	218.14
   Binance	Bittensor (TAO)	218.4
   Coinbase	Bittensor (TAO)	218.38
   Uphold	Bittensor (TAO)	393.44
   Bake	Bittensor (TAO)	218.12
   BingX	Bittensor (TAO)	218.25

   See all 33 prices

2. 2. Choose a Bittensor lender

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

   Platform	Coin	Interest rate
   Bitget	Bittensor (TAO)	Up to 0.3% p.a.
   Coinbase	Bittensor (TAO)	Up to 18.22% p.a.

3. 3. Lend Your Bittensor

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