How to Lend NFPrompt (NFP) in Australia

Introduction

Lending NFPrompt can be a great option for those who want to hold NFP 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 NFPrompt (NFP) Tokens

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

   Platform	Coin	Cost
   Binance	NFPrompt (NFP)	0.07
   BingX	NFPrompt (NFP)	0.07
   Bitget	NFPrompt (NFP)	0.07
   Bitmart	NFPrompt (NFP)	0.07
   Bitpanda	NFPrompt (NFP)	0.31
   Bybit	NFPrompt (NFP)	0.07

   See all 32 prices

2. 2. Choose a NFPrompt lender

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

   Platform	Coin	Interest rate
   Kucoin	NFPrompt (NFP)	Up to 0.5% p.a.

3. 3. Lend Your NFPrompt

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