How to Lend IOTA (IOTA) in Australia

Introduction

Lending IOTA can be a great option for those who want to hold IOTA 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 IOTA (IOTA) Tokens

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

   Platform	Coin	Cost
   PrimeXBT	IOTA (IOTA)	0.1
   Binance	IOTA (IOTA)	0.1
   OKX	IOTA (IOTA)	0.1
   Uphold	IOTA (IOTA)	0.19
   BingX	IOTA (IOTA)	0.1
   Bitfinex	IOTA (IOTA)	0.1

   See all 31 prices

2. 2. Choose a IOTA lender

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

   Platform	Coin	Interest rate
   Kucoin	IOTA (IOTA)	Up to 0.5% p.a.

3. 3. Lend Your IOTA

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