How to Lend Ravencoin (RVN) in Australia: A Step-by-Step Guide

Introduction

Lending Ravencoin can be a great option for those who want to hold RVN 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 Ravencoin (RVN) Tokens
To lend Ravencoin, you need to possess it. To acquire Ravencoin, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Binance Ravencoin (RVN) 0.01
OKX Ravencoin (RVN) 0.01
Uphold Ravencoin (RVN) 0.01
BingX Ravencoin (RVN) 0.01
Bitget Ravencoin (RVN) 0.01
Bitmart Ravencoin (RVN) 0.01
See all 36 prices
2. Choose a Ravencoin lender
Once you have RVN, you'll need to choose a Ravencoin lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Kucoin Ravencoin (RVN) Up to 0.5% p.a.
3. Lend Your Ravencoin
Once you've chosen a platform to lend your Ravencoin, transfer your Ravencoin 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
Binance	Ravencoin (RVN)	0.01
OKX	Ravencoin (RVN)	0.01
Uphold	Ravencoin (RVN)	0.01
BingX	Ravencoin (RVN)	0.01
Bitget	Ravencoin (RVN)	0.01
Bitmart	Ravencoin (RVN)	0.01

Platform	Coin	Interest rate
Kucoin	Ravencoin (RVN)	Up to 0.5% 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.