How to Lend Pikamoon (PIKA) in Australia

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. 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. 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. 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. 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.