How to Lend Merit Circle (MC) in Australia: A Step-by-Step Guide

Introduction

Lending Merit Circle can be a great option for those who want to hold MC 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 Merit Circle (MC) Tokens
To lend Merit Circle, you need to possess it. To acquire Merit Circle, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Binance Merit Circle (MC) 0.49
Kraken Merit Circle (MC) 0.04
Bitget Merit Circle (MC) 0.07
Bitpanda Merit Circle (MC) 0.48
Gate.io Merit Circle (MC) 0.45
See all 7 prices
2. Choose a Merit Circle lender
Once you have MC, you'll need to choose a Merit Circle lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Bitget Merit Circle (MC) Up to 1% p.a.
3. Lend Your Merit Circle
Once you've chosen a platform to lend your Merit Circle, transfer your Merit Circle 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	Merit Circle (MC)	0.49
Kraken	Merit Circle (MC)	0.04
Bitget	Merit Circle (MC)	0.07
Bitpanda	Merit Circle (MC)	0.48
Gate.io	Merit Circle (MC)	0.45

Platform	Coin	Interest rate
Bitget	Merit Circle (MC)	Up to 1% 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.