How to Lend PAX Gold (PAXG) in Australia

Introduction

Lending PAX Gold can be a great option for those who want to hold PAXG 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 Gold (PAXG) Tokens

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

   Platform	Coin	Cost
   Nexo	PAX Gold (PAXG)	3,326.43
   YouHodler	PAX Gold (PAXG)	3,326.39
   Binance	PAX Gold (PAXG)	3,326.4
   Coinbase	PAX Gold (PAXG)	3,327.59
   Kraken	PAX Gold (PAXG)	3,325.41
   Luno	PAX Gold (PAXG)	3,485

   See all 44 prices

2. 2. Choose a PAX Gold lender

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

   Platform	Coin	Interest rate
   Nexo	PAX Gold (PAXG)	Up to 7% p.a.
   YouHodler	PAX Gold (PAXG)	Up to 12% p.a.
   Gemini	PAX Gold (PAXG)	Up to 0.01% p.a.
   Kucoin	PAX Gold (PAXG)	Up to 0.32% p.a.

   See all 7 lending rates

3. 3. Lend Your PAX Gold

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