How to Lend Radix (XRD) in Australia

Introduction

Lending Radix can be a great option for those who want to hold XRD 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 Radix (XRD) Tokens

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

   Platform	Coin	Cost
   BingX	Radix (XRD)	0
   Bitfinex	Radix (XRD)	0
   Bitget	Radix (XRD)	0.01
   Bitmart	Radix (XRD)	0
   Bitpanda	Radix (XRD)	0.03
   Bybit	Radix (XRD)	0.01

   See all 21 prices

2. 2. Choose a Radix lender

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

   Platform	Coin	Interest rate
   Kucoin	Radix (XRD)	Up to 0.01% p.a.

3. 3. Lend Your Radix

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