How to Lend Litecoin (LTC) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Nexo	Litecoin (LTC)	78.64
   PrimeXBT	Litecoin (LTC)	78.54
   YouHodler	Litecoin (LTC)	78.48
   Binance	Litecoin (LTC)	78.59
   BTSE	Litecoin (LTC)	78.55
   Kraken	Litecoin (LTC)	78.5

   See all 61 prices

2. 2. Choose a Litecoin lender

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

   Platform	Coin	Interest rate
   Nexo	Litecoin (LTC)	Up to 8% p.a.
   Nebeus	Litecoin (LTC)	Up to 4.5% p.a.
   YouHodler	Litecoin (LTC)	Up to 16% p.a.
   Bitget	Litecoin (LTC)	Up to 0.3% p.a.
   Blockchain.com	Litecoin (LTC)	Up to 1% p.a.

   See all 11 lending rates

3. 3. Lend Your Litecoin

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