How to Lend SideShift (XAI) in Australia

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. 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. 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. 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. 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.