How to Lend Chainlink (LINK) in Australia: A Step-by-Step Guide

Introduction

Lending Chainlink can be a great option for those who want to hold LINK 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 Chainlink (LINK) Tokens
To lend Chainlink, you need to possess it. To acquire Chainlink, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Nexo Chainlink (LINK) 13.14
PrimeXBT Chainlink (LINK) 13.07
YouHodler Chainlink (LINK) 13.07
Binance Chainlink (LINK) 13.09
BTSE Chainlink (LINK) 13.09
See all 73 prices
2. Choose a Chainlink lender
Once you have LINK, you'll need to choose a Chainlink lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Nexo Chainlink (LINK) Up to 7% p.a.
EarnPark Chainlink (LINK) Up to 5% p.a.
YouHodler Chainlink (LINK) Up to 12% p.a.
Aave Chainlink (LINK) Up to 0.03% p.a.
See all 19 lending rates
3. Lend Your Chainlink
Once you've chosen a platform to lend your Chainlink, transfer your Chainlink 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
Nexo	Chainlink (LINK)	13.14
PrimeXBT	Chainlink (LINK)	13.07
YouHodler	Chainlink (LINK)	13.07
Binance	Chainlink (LINK)	13.09
BTSE	Chainlink (LINK)	13.09

Platform	Coin	Interest rate
Nexo	Chainlink (LINK)	Up to 7% p.a.
EarnPark	Chainlink (LINK)	Up to 5% p.a.
YouHodler	Chainlink (LINK)	Up to 12% p.a.
Aave	Chainlink (LINK)	Up to 0.03% 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.