How to Lend Bonk (BONK) in Australia: A Step-by-Step Guide

Introduction

Lending Bonk can be a great option for those who want to hold BONK 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. Obtain Bonk (BONK) Tokens
To lend Bonk, you need to possess it. To acquire Bonk, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
YouHodler Bonk (BONK) 0.00001052
Binance Bonk (BONK) 0.00001053
BTSE Bonk (BONK) 0.00001052
OKX Bonk (BONK) 0.00002173
Uphold Bonk (BONK) 0.00001688
Bake Bonk (BONK) 0.0000104
See all 41 prices
2. Choose a Bonk lender
Once you have BONK, you'll need to choose a Bonk lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
YouHodler Bonk (BONK) Up to 30% p.a.
3. Lend Your Bonk
Once you've chosen a platform to lend your Bonk, transfer your Bonk 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. 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.

Platform	Coin	Cost
YouHodler	Bonk (BONK)	0.00001052
Binance	Bonk (BONK)	0.00001053
BTSE	Bonk (BONK)	0.00001052
OKX	Bonk (BONK)	0.00002173
Uphold	Bonk (BONK)	0.00001688
Bake	Bonk (BONK)	0.0000104

Platform	Coin	Interest rate
YouHodler	Bonk (BONK)	Up to 30% p.a.

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.