How to Lend Pax Dollar (USDP) in Australia

Introduction

Lending Pax Dollar can be a great option for those who want to hold USDP 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 Pax Dollar (USDP) Tokens

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

   Platform	Coin	Cost
   YouHodler	Pax Dollar (USDP)	1
   Binance	Pax Dollar (USDP)	1
   Azbit	Pax Dollar (USDP)	1
   BingX	Pax Dollar (USDP)	1

   See all 22 prices

2. 2. Choose a Pax Dollar lender

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

   Platform	Coin	Interest rate
   Nexo	Pax Dollar (USDP)	Up to 14% p.a.
   YouHodler	Pax Dollar (USDP)	Up to 500% p.a.
   Neverless	Pax Dollar (USDP)	Up to 14% p.a.
   BTSE	Pax Dollar (USDP)	Up to 5.5% p.a.

   See all 6 lending rates

3. 3. Lend Your Pax Dollar

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