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

Introduction

Lending Hedera can be a great option for those who want to hold HBAR 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 Hedera (HBAR) Tokens
To lend Hedera, you need to possess it. To acquire Hedera, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
PrimeXBT Hedera (HBAR) 0.12
Binance Hedera (HBAR) 0.12
Coinbase Hedera (HBAR) 0.12
Kraken Hedera (HBAR) 0.12
OKX Hedera (HBAR) 0.24
Uphold Hedera (HBAR) 0.17
See all 53 prices
2. Choose a Hedera lender
Once you have HBAR, you'll need to choose a Hedera lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Coinbase Hedera (HBAR) Up to 0.13% p.a.
Kucoin Hedera (HBAR) Up to 0.08% p.a.
See all 4 lending rates
3. Lend Your Hedera
Once you've chosen a platform to lend your Hedera, transfer your Hedera 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	Hedera (HBAR)	0.12
Binance	Hedera (HBAR)	0.12
Coinbase	Hedera (HBAR)	0.12
Kraken	Hedera (HBAR)	0.12
OKX	Hedera (HBAR)	0.24
Uphold	Hedera (HBAR)	0.17

Platform	Coin	Interest rate
Coinbase	Hedera (HBAR)	Up to 0.13% p.a.
Kucoin	Hedera (HBAR)	Up to 0.08% 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.