How to Lend Multibit (MUBI) in Australia: A Step-by-Step Guide

Introduction

Lending Multibit can be a great option for those who want to hold MUBI 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 Multibit (MUBI) Tokens
To lend Multibit, you need to possess it. To acquire Multibit, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
BTSE Multibit (MUBI) 0.000839
BingX Multibit (MUBI) 0
Bitget Multibit (MUBI) 0.01
Bitmart Multibit (MUBI) 0
CoinEx Multibit (MUBI) 0.0008639
Gate.io Multibit (MUBI) 0.0008689
See all 21 prices
2. Choose a Multibit lender
Once you have MUBI, you'll need to choose a Multibit lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Kucoin Multibit (MUBI) Up to 0.01% p.a.
3. Lend Your Multibit
Once you've chosen a platform to lend your Multibit, transfer your Multibit 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
BTSE	Multibit (MUBI)	0.000839
BingX	Multibit (MUBI)	0
Bitget	Multibit (MUBI)	0.01
Bitmart	Multibit (MUBI)	0
CoinEx	Multibit (MUBI)	0.0008639
Gate.io	Multibit (MUBI)	0.0008689

Platform	Coin	Interest rate
Kucoin	Multibit (MUBI)	Up to 0.01% 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.