How to Lend Elastos (ELA) in Australia

Introduction

Lending Elastos can be a great option for those who want to hold ELA 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 Elastos (ELA) Tokens

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

   Platform	Coin	Cost
   Coinbase	Elastos (ELA)	1.05
   BingX	Elastos (ELA)	1.05
   Bitget	Elastos (ELA)	1.05
   CoinEx	Elastos (ELA)	1.05
   Crypto.com	Elastos (ELA)	1.06
   Gate.io	Elastos (ELA)	1.05

   See all 19 prices

2. 2. Choose a Elastos lender

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

   Platform	Coin	Interest rate
   Bitget	Elastos (ELA)	Up to 1% p.a.

3. 3. Lend Your Elastos

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