How to Lend EOS (EOS) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Nexo	EOS (EOS)	0.78
   PrimeXBT	EOS (EOS)	0.75
   EarnPark	EOS (EOS)	0.18
   YouHodler	EOS (EOS)	0.78
   Binance	EOS (EOS)	0.78
   BTSE	EOS (EOS)	0.78

   See all 55 prices

2. 2. Choose a EOS lender

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

   Platform	Coin	Interest rate
   Nexo	EOS (EOS)	Up to 8% p.a.
   Nebeus	EOS (EOS)	Up to 4.5% p.a.
   EarnPark	EOS (EOS)	Up to 10% p.a.
   YouHodler	EOS (EOS)	Up to 12% p.a.

   See all 6 lending rates

3. 3. Lend Your EOS

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