How to Lend Pikamoon (PIKA) in Australia: A Step-by-Step Guide

Introduction

Lending Pikamoon can be a great option for those who want to hold PIKA 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 Pikamoon (PIKA) Tokens
To lend Pikamoon, you need to possess it. To acquire Pikamoon, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
BingX Pikamoon (PIKA) 0.000928
Bitget Pikamoon (PIKA) 0.0001888
MEXC Global Pikamoon (PIKA) 0.0000016
See all 5 prices
2. Choose a Pikamoon lender
Once you have PIKA, you'll need to choose a Pikamoon lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Bitget Pikamoon (PIKA) Up to 1% p.a.
3. Lend Your Pikamoon
Once you've chosen a platform to lend your Pikamoon, transfer your Pikamoon 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
BingX	Pikamoon (PIKA)	0.000928
Bitget	Pikamoon (PIKA)	0.0001888
MEXC Global	Pikamoon (PIKA)	0.0000016

Platform	Coin	Interest rate
Bitget	Pikamoon (PIKA)	Up to 1% 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.