How to Lend MultiversX (EGLD) in Australia

Introduction

Lending MultiversX can be a great option for those who want to hold EGLD 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 MultiversX (EGLD) Tokens

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

   Platform	Coin	Cost
   PrimeXBT	MultiversX (EGLD)	6.2
   YouHodler	MultiversX (EGLD)	6.19
   Binance	MultiversX (EGLD)	6.2
   BTSE	MultiversX (EGLD)	6.21
   Coinbase	MultiversX (EGLD)	6.21
   Kraken	MultiversX (EGLD)	6.19

   See all 53 prices

2. 2. Choose a MultiversX lender

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

   Platform	Coin	Interest rate
   YouHodler	MultiversX (EGLD)	Up to 16% p.a.
   Bitget	MultiversX (EGLD)	Up to 0.3% p.a.
   Kucoin	MultiversX (EGLD)	Up to 6% p.a.

   See all 5 lending rates

3. 3. Lend Your MultiversX

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