How to Lend Magnificent 7777 (MAGIC) in Australia

Introduction

Lending Magnificent 7777 can be a great option for those who want to hold MAGIC 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 Magnificent 7777 (MAGIC) Tokens

   To lend Magnificent 7777, you need to possess it. To acquire Magnificent 7777, you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Cost
   Binance	Magnificent 7777 (MAGIC)	0.1
   OKX	Magnificent 7777 (MAGIC)	0.15
   Bake	Magnificent 7777 (MAGIC)	0.1
   Bitpanda	Magnificent 7777 (MAGIC)	0.54
   Bybit	Magnificent 7777 (MAGIC)	0.09
   Crypto.com	Magnificent 7777 (MAGIC)	0.2

   See all 23 prices

2. 2. Choose a Magnificent 7777 lender

   Once you have MAGIC, you'll need to choose a Magnificent 7777 lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Kucoin	Magnificent 7777 (MAGIC)	Up to 0.5% p.a.

3. 3. Lend Your Magnificent 7777

   Once you've chosen a platform to lend your Magnificent 7777, transfer your Magnificent 7777 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.