How to Lend QiSwap (QI) in Australia

Introduction

Lending QiSwap can be a great option for those who want to hold QI 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 QiSwap (QI) Tokens

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

   Platform	Coin	Cost
   Coinbase	QiSwap (QI)	0
   Azbit	QiSwap (QI)	0
   Gate.io	QiSwap (QI)	0.0007056
   Hotcoin	QiSwap (QI)	0.01
   Kucoin	QiSwap (QI)	0
   MEXC Global	QiSwap (QI)	0

   See all 14 prices

2. 2. Choose a QiSwap lender

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

   Platform	Coin	Interest rate
   Kucoin	QiSwap (QI)	Up to 0.5% p.a.

3. 3. Lend Your QiSwap

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