How to Lend Litentry (LIT) in Australia: A Step-by-Step Guide

Introduction

Lending Litentry can be a great option for those who want to hold LIT 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 Litentry (LIT) Tokens
To lend Litentry, you need to possess it. To acquire Litentry, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Binance Litentry (LIT) 0.74
Coinbase Litentry (LIT) 0.47
Uphold Litentry (LIT) 0.58
BingX Litentry (LIT) 0.95
Bitget Litentry (LIT) 0.74
Bitmart Litentry (LIT) 0.74
See all 27 prices
2. Choose a Litentry lender
Once you have LIT, you'll need to choose a Litentry lending platform to lend your tokens. You can find some options here.
3. Lend Your Litentry
Once you've chosen a platform to lend your Litentry, transfer your Litentry 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
Binance	Litentry (LIT)	0.74
Coinbase	Litentry (LIT)	0.47
Uphold	Litentry (LIT)	0.58
BingX	Litentry (LIT)	0.95
Bitget	Litentry (LIT)	0.74
Bitmart	Litentry (LIT)	0.74

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.