How to Lend Gains Network (GNS) in Australia

Introduction

Lending Gains Network can be a great option for those who want to hold GNS 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 Gains Network (GNS) Tokens

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

   Platform	Coin	Cost
   Binance	Gains Network (GNS)	1.26
   Uphold	Gains Network (GNS)	1.19
   Azbit	Gains Network (GNS)	0
   BingX	Gains Network (GNS)	1.26
   Bitget	Gains Network (GNS)	1.26
   Bitmart	Gains Network (GNS)	1.26

   See all 27 prices

2. 2. Choose a Gains Network lender

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

   Platform	Coin	Interest rate
   Bitget	Gains Network (GNS)	Up to 3% p.a.
   Kucoin	Gains Network (GNS)	Up to 0.5% p.a.

3. 3. Lend Your Gains Network

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