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

Introduction

Lending GameXT can be a great option for those who want to hold GMX 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 GameXT (GMX) Tokens
To lend GameXT, you need to possess it. To acquire GameXT, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Kraken GameXT (GMX) 8.24
Hotcoin GameXT (GMX) 15.52
Kucoin GameXT (GMX) 8.34
See all 6 prices
2. Choose a GameXT lender
Once you have GMX, you'll need to choose a GameXT lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Kucoin GameXT (GMX) Up to 0.5% p.a.
3. Lend Your GameXT
Once you've chosen a platform to lend your GameXT, transfer your GameXT 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
Kraken	GameXT (GMX)	8.24
Hotcoin	GameXT (GMX)	15.52
Kucoin	GameXT (GMX)	8.34

Platform	Coin	Interest rate
Kucoin	GameXT (GMX)	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.