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

Introduction

Lending GALA can be a great option for those who want to hold GALA 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 GALA (GALA) Tokens
To lend GALA, you need to possess it. To acquire GALA, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
PrimeXBT GALA (GALA) 0.01
YouHodler GALA (GALA) 0.01
Binance GALA (GALA) 0.01
BTSE GALA (GALA) 0.01
Coinbase GALA (GALA) 0.04
Kraken GALA (GALA) 0.01
See all 61 prices
2. Choose a GALA lender
Once you have GALA, you'll need to choose a GALA lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
YouHodler GALA (GALA) Up to 12% p.a.
Blockchain.com GALA (GALA) Up to 1% p.a.
See all 6 lending rates
3. Lend Your GALA
Once you've chosen a platform to lend your GALA, transfer your GALA 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
PrimeXBT	GALA (GALA)	0.01
YouHodler	GALA (GALA)	0.01
Binance	GALA (GALA)	0.01
BTSE	GALA (GALA)	0.01
Coinbase	GALA (GALA)	0.04
Kraken	GALA (GALA)	0.01

Platform	Coin	Interest rate
YouHodler	GALA (GALA)	Up to 12% p.a.
Blockchain.com	GALA (GALA)	Up to 1% 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.