How to Lend Ethereum Classic (ETC) in Australia

Introduction

Lending Ethereum Classic can be a great option for those who want to hold ETC 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 Ethereum Classic (ETC) Tokens

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

   Platform	Coin	Cost
   Nexo	Ethereum Classic (ETC)	12.38
   PrimeXBT	Ethereum Classic (ETC)	12.38
   Binance	Ethereum Classic (ETC)	12.39
   Coinbase	Ethereum Classic (ETC)	12.39
   Kraken	Ethereum Classic (ETC)	12.39
   OKX	Ethereum Classic (ETC)	20.9

   See all 54 prices

2. 2. Choose a Ethereum Classic lender

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

   Platform	Coin	Interest rate
   Blockchain.com	Ethereum Classic (ETC)	Up to 1% p.a.
   Kucoin	Ethereum Classic (ETC)	Up to 0.19% p.a.

   See all 4 lending rates

3. 3. Lend Your Ethereum Classic

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