How to Lend Myro ($MYRO) in Australia

Introduction

Lending Myro can be a great option for those who want to hold $MYRO 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 Myro ($MYRO) Tokens

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

   Platform	Coin	Cost
   YouHodler	Myro ($MYRO)	0.01
   BTSE	Myro ($MYRO)	0.01
   Uphold	Myro ($MYRO)	0.02
   BingX	Myro ($MYRO)	0.01
   Bitget	Myro ($MYRO)	0
   Bitmart	Myro ($MYRO)	0.02

   See all 35 prices

2. 2. Choose a Myro lender

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

   Platform	Coin	Interest rate
   YouHodler	Myro ($MYRO)	Up to 30% p.a.
   Bitget	Myro ($MYRO)	Up to 1% p.a.
   Kucoin	Myro ($MYRO)	Up to 0.5% p.a.

   See all 5 lending rates

3. 3. Lend Your Myro

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