How to Lend Octokn (OTK) in Australia: A Step-by-Step Guide

Introduction

Lending Octokn can be a great option for those who want to hold OTK 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 Octokn (OTK) Tokens
To lend Octokn, you need to possess it. To acquire Octokn, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Kucoin Octokn (OTK) 0.00071
MEXC Global Octokn (OTK) 0.000693
2. Choose a Octokn lender
Once you have OTK, you'll need to choose a Octokn lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Kucoin Octokn (OTK) Up to 48% p.a.
3. Lend Your Octokn
Once you've chosen a platform to lend your Octokn, transfer your Octokn 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
Kucoin	Octokn (OTK)	0.00071
MEXC Global	Octokn (OTK)	0.000693

Platform	Coin	Interest rate
Kucoin	Octokn (OTK)	Up to 48% 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.