How to Lend Kyber Network Crystal (KNC) in Australia

Introduction

Lending Kyber Network Crystal can be a great option for those who want to hold KNC 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 Kyber Network Crystal (KNC) Tokens

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

   Platform	Coin	Cost
   Nexo	Kyber Network Crystal (KNC)	0.42
   Binance	Kyber Network Crystal (KNC)	0.42
   BTSE	Kyber Network Crystal (KNC)	0.42
   Coinbase	Kyber Network Crystal (KNC)	0.42
   Kraken	Kyber Network Crystal (KNC)	0.42
   OKX	Kyber Network Crystal (KNC)	0.39

   See all 49 prices

2. 2. Choose a Kyber Network Crystal lender

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

   Platform	Coin	Interest rate
   Aave	Kyber Network Crystal (KNC)	Up to 0.42% p.a.
   Gemini	Kyber Network Crystal (KNC)	Up to 0.01% p.a.

   See all 4 lending rates

3. 3. Lend Your Kyber Network Crystal

   Once you've chosen a platform to lend your Kyber Network Crystal, transfer your Kyber Network Crystal 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.