How to Lend eCash (XEC) in Australia

Introduction

Lending eCash can be a great option for those who want to hold XEC 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 eCash (XEC) Tokens

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

   Platform	Coin	Cost
   Binance	eCash (XEC)	0.00001066
   BingX	eCash (XEC)	0.00001066
   Bitmart	eCash (XEC)	0.00002046
   Bitpanda	eCash (XEC)	0.00004911
   CoinEx	eCash (XEC)	0.00001063
   FMFW.io	eCash (XEC)	0.00001036

   See all 24 prices

2. 2. Choose a eCash lender

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

   Platform	Coin	Interest rate
   Kucoin	eCash (XEC)	Up to 0.5% p.a.

3. 3. Lend Your eCash

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