How to Lend Ribbon Finance (RBN) in Australia

Introduction

Lending Ribbon Finance can be a great option for those who want to hold RBN 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 Ribbon Finance (RBN) Tokens

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

   Platform	Coin	Cost
   Coinbase	Ribbon Finance (RBN)	0.08
   BingX	Ribbon Finance (RBN)	0.45
   Bitget	Ribbon Finance (RBN)	0.37
   Gate.io	Ribbon Finance (RBN)	0

   See all 6 prices

2. 2. Choose a Ribbon Finance lender

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

   Platform	Coin	Interest rate
   Gemini	Ribbon Finance (RBN)	Up to 0.01% p.a.

3. 3. Lend Your Ribbon Finance

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