How to Lend Storj (STORJ) in Australia: A Step-by-Step Guide

Introduction

Lending Storj can be a great option for those who want to hold STORJ 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 Storj (STORJ) Tokens
To lend Storj, you need to possess it. To acquire Storj, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
PrimeXBT Storj (STORJ) 0.14
Binance Storj (STORJ) 0.14
BTSE Storj (STORJ) 0.14
Coinbase Storj (STORJ) 0.14
Kraken Storj (STORJ) 0.14
OKX Storj (STORJ) 0.26
See all 53 prices
2. Choose a Storj lender
Once you have STORJ, you'll need to choose a Storj lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Gemini Storj (STORJ) Up to 0.01% p.a.
Kucoin Storj (STORJ) Up to 0.5% p.a.
See all 4 lending rates
3. Lend Your Storj
Once you've chosen a platform to lend your Storj, transfer your Storj 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
PrimeXBT	Storj (STORJ)	0.14
Binance	Storj (STORJ)	0.14
BTSE	Storj (STORJ)	0.14
Coinbase	Storj (STORJ)	0.14
Kraken	Storj (STORJ)	0.14
OKX	Storj (STORJ)	0.26

Platform	Coin	Interest rate
Gemini	Storj (STORJ)	Up to 0.01% p.a.
Kucoin	Storj (STORJ)	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.