How to Lend Telcoin (TEL) in Australia: A Step-by-Step Guide

Introduction

Lending Telcoin can be a great option for those who want to hold TEL 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 Telcoin (TEL) Tokens
To lend Telcoin, you need to possess it. To acquire Telcoin, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
BingX Telcoin (TEL) 0
Bitget Telcoin (TEL) 0
Kucoin Telcoin (TEL) 0
LBank Telcoin (TEL) 0
MEXC Global Telcoin (TEL) 0
See all 10 prices
2. Choose a Telcoin lender
Once you have TEL, you'll need to choose a Telcoin lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Kucoin Telcoin (TEL) Up to 0.18% p.a.
3. Lend Your Telcoin
Once you've chosen a platform to lend your Telcoin, transfer your Telcoin 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
BingX	Telcoin (TEL)	0
Bitget	Telcoin (TEL)	0
Kucoin	Telcoin (TEL)	0
LBank	Telcoin (TEL)	0
MEXC Global	Telcoin (TEL)	0

Platform	Coin	Interest rate
Kucoin	Telcoin (TEL)	Up to 0.18% 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.