How to Lend Kadena (KDA) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Binance	Kadena (KDA)	0.06
   OKX	Kadena (KDA)	0.48
   Uphold	Kadena (KDA)	0.48
   BingX	Kadena (KDA)	0.06
   Bitget	Kadena (KDA)	0.06
   Bitmart	Kadena (KDA)	0.06

   See all 26 prices

2. 2. Choose a Kadena lender

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

   Platform	Coin	Interest rate
   Kucoin	Kadena (KDA)	Up to 2.72% p.a.

3. 3. Lend Your Kadena

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