How to Lend RatsBase (RATS) in Australia

Introduction

Lending RatsBase can be a great option for those who want to hold RATS 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 RatsBase (RATS) Tokens

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

   Platform	Coin	Cost
   BTSE	RatsBase (RATS)	0.00004417
   CoinEx	RatsBase (RATS)	0.00004412
   Gate.io	RatsBase (RATS)	0.00004432
   Hotcoin	RatsBase (RATS)	0.00004429
   HTX	RatsBase (RATS)	0.00004483
   Kucoin	RatsBase (RATS)	0.00004418

   See all 16 prices

2. 2. Choose a RatsBase lender

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

   Platform	Coin	Interest rate
   Kucoin	RatsBase (RATS)	Up to 0.5% p.a.

3. 3. Lend Your RatsBase

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