How to Lend Taiko (TAIKO) in Australia

Introduction

Lending Taiko can be a great option for those who want to hold TAIKO 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 Taiko (TAIKO) Tokens

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

   Platform	Coin	Cost
   BTSE	Taiko (TAIKO)	0.18
   BingX	Taiko (TAIKO)	0.18
   Bitfinex	Taiko (TAIKO)	2.14
   Bitget	Taiko (TAIKO)	0.18
   Bitmart	Taiko (TAIKO)	0.18
   Bitpanda	Taiko (TAIKO)	1.93

   See all 30 prices

2. 2. Choose a Taiko lender

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

   Platform	Coin	Interest rate
   Kucoin	Taiko (TAIKO)	Up to 0.5% p.a.

3. 3. Lend Your Taiko

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