How to Lend Terra (LUNA) in Australia

Introduction

Lending Terra can be a great option for those who want to hold LUNA 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 Terra (LUNA) Tokens

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

   Platform	Coin	Cost
   YouHodler	Terra (LUNA)	0.16
   Kraken	Terra (LUNA)	0.15
   OKX	Terra (LUNA)	0.16
   Binance	Terra (LUNA)	0.15
   BTSE	Terra (LUNA)	0.16
   BingX	Terra (LUNA)	0.16

   See all 39 prices

2. 2. Choose a Terra lender

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

   Platform	Coin	Interest rate
   Bitget	Terra (LUNA)	Up to 6.5% p.a.
   Gemini	Terra (LUNA)	Up to 0.01% p.a.
   Kucoin	Terra (LUNA)	Up to 5% p.a.

   See all 5 lending rates

3. 3. Lend Your Terra

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