How to Lend Flare (FLR) in Australia: A Step-by-Step Guide

Introduction

Lending Flare can be a great option for those who want to hold FLR 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 Flare (FLR) Tokens
To lend Flare, you need to possess it. To acquire Flare, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
YouHodler Flare (FLR) 0.01
Coinbase Flare (FLR) 0.01
Kraken Flare (FLR) 0.01
OKX Flare (FLR) 0.02
Uphold Flare (FLR) 0.02
BingX Flare (FLR) 0.01
See all 42 prices
2. Choose a Flare lender
Once you have FLR, you'll need to choose a Flare lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Kucoin Flare (FLR) Up to 0.5% p.a.
3. Lend Your Flare
Once you've chosen a platform to lend your Flare, transfer your Flare 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
YouHodler	Flare (FLR)	0.01
Coinbase	Flare (FLR)	0.01
Kraken	Flare (FLR)	0.01
OKX	Flare (FLR)	0.02
Uphold	Flare (FLR)	0.02
BingX	Flare (FLR)	0.01

Platform	Coin	Interest rate
Kucoin	Flare (FLR)	Up to 0.5% 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.