How to Lend Celsius Network (CEL) in Australia: A Step-by-Step Guide

Introduction

Lending Celsius Network can be a great option for those who want to hold CEL 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 Celsius Network (CEL) Tokens

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

Platform	Coin	Cost
Bitget	Celsius Network (CEL)	0.14
Bitmart	Celsius Network (CEL)	0.08
CoinEx	Celsius Network (CEL)	0.06
FMFW.io	Celsius Network (CEL)	0.53
Gate.io	Celsius Network (CEL)	0.03
MEXC Global	Celsius Network (CEL)	0.11

See all 12 prices

2. Choose a Celsius Network lender
Once you have CEL, you'll need to choose a Celsius Network lending platform to lend your tokens. You can find some options here.
3. Lend Your Celsius Network
Once you've chosen a platform to lend your Celsius Network, transfer your Celsius Network 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.

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.