How to Lend Hamster Kombat (HMSTR) in Australia

Introduction

Lending Hamster Kombat can be a great option for those who want to hold HMSTR 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 Hamster Kombat (HMSTR) Tokens

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

   Platform	Coin	Cost
   YouHodler	Hamster Kombat (HMSTR)	0.0002404
   Binance	Hamster Kombat (HMSTR)	0.0002404
   BTSE	Hamster Kombat (HMSTR)	0.00024
   Kraken	Hamster Kombat (HMSTR)	0.000242
   OKX	Hamster Kombat (HMSTR)	0
   Azbit	Hamster Kombat (HMSTR)	0.00024

   See all 40 prices

2. 2. Choose a Hamster Kombat lender

   Once you have HMSTR, you'll need to choose a Hamster Kombat lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   YouHodler	Hamster Kombat (HMSTR)	Up to 30% p.a.
   Kucoin	Hamster Kombat (HMSTR)	Up to 4% p.a.

   See all 4 lending rates

3. 3. Lend Your Hamster Kombat

   Once you've chosen a platform to lend your Hamster Kombat, transfer your Hamster Kombat 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.