How to Lend Moonbeam (GLMR) in Australia: A Step-by-Step Guide

Introduction

Lending Moonbeam can be a great option for those who want to hold GLMR 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 Moonbeam (GLMR) Tokens
To lend Moonbeam, you need to possess it. To acquire Moonbeam, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Binance Moonbeam (GLMR) 0.02
BTSE Moonbeam (GLMR) 0.02
Kraken Moonbeam (GLMR) 0.02
OKX Moonbeam (GLMR) 0.09
Uphold Moonbeam (GLMR) 0.08
BingX Moonbeam (GLMR) 0.02
See all 39 prices
2. Choose a Moonbeam lender
Once you have GLMR, you'll need to choose a Moonbeam lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Kucoin Moonbeam (GLMR) Up to 0.5% p.a.
3. Lend Your Moonbeam
Once you've chosen a platform to lend your Moonbeam, transfer your Moonbeam 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	Moonbeam (GLMR)	0.02
BTSE	Moonbeam (GLMR)	0.02
Kraken	Moonbeam (GLMR)	0.02
OKX	Moonbeam (GLMR)	0.09
Uphold	Moonbeam (GLMR)	0.08
BingX	Moonbeam (GLMR)	0.02

Platform	Coin	Interest rate
Kucoin	Moonbeam (GLMR)	Up to 0.5% 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.