How to Lend MAX (max) in Australia: A Step-by-Step Guide

Introduction

Lending MAX can be a great option for those who want to hold max 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 MAX (max) Tokens
To lend MAX, you need to possess it. To acquire MAX, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Kucoin MAX (max) 0.01
2. Choose a MAX lender
Once you have max, you'll need to choose a MAX lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Kucoin MAX (max) Up to 0.02% p.a.
3. Lend Your MAX
Once you've chosen a platform to lend your MAX, transfer your MAX 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
Kucoin	MAX (max)	0.01

Platform	Coin	Interest rate
Kucoin	MAX (max)	Up to 0.02% p.a.

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.