How to Lend Memecoin (mem) in Australia

Introduction

Lending Memecoin can be a great option for those who want to hold mem 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 Memecoin (mem) Tokens

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

   Platform	Coin	Cost
   PrimeXBT	Memecoin (mem)	0.000969
   YouHodler	Memecoin (mem)	0.00097
   Binance	Memecoin (mem)	0.00097
   BTSE	Memecoin (mem)	0
   OKX	Memecoin (mem)	0.0009366
   Uphold	Memecoin (mem)	0

   See all 27 prices

2. 2. Choose a Memecoin lender

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

   Platform	Coin	Interest rate
   YouHodler	Memecoin (mem)	Up to 16% p.a.

   See all 4 lending rates

3. 3. Lend Your Memecoin

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