How to Lend SideShift (XAI) in Australia: A Step-by-Step Guide

Introduction

Lending SideShift can be a great option for those who want to hold XAI 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 SideShift (XAI) Tokens
To lend SideShift, you need to possess it. To acquire SideShift, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Azbit SideShift (XAI) 0.000005
CoinEx SideShift (XAI) 0.15
Kucoin SideShift (XAI) 0.02
Phemex SideShift (XAI) 0.02
See all 8 prices
2. Choose a SideShift lender
Once you have XAI, you'll need to choose a SideShift lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Kucoin SideShift (XAI) Up to 2.82% p.a.
3. Lend Your SideShift
Once you've chosen a platform to lend your SideShift, transfer your SideShift 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
Azbit	SideShift (XAI)	0.000005
CoinEx	SideShift (XAI)	0.15
Kucoin	SideShift (XAI)	0.02
Phemex	SideShift (XAI)	0.02

Platform	Coin	Interest rate
Kucoin	SideShift (XAI)	Up to 2.82% 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.