How to Lend TokenFi (TOKEN) in Australia: A Step-by-Step Guide

Introduction

Lending TokenFi can be a great option for those who want to hold TOKEN 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 TokenFi (TOKEN) Tokens
To lend TokenFi, you need to possess it. To acquire TokenFi, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
BTSE TokenFi (TOKEN) 0
Kraken TokenFi (TOKEN) 0
Uphold TokenFi (TOKEN) 0.02
BingX TokenFi (TOKEN) 0
Bitfinex TokenFi (TOKEN) 0.01
Bitmart TokenFi (TOKEN) 0.01
See all 27 prices
2. Choose a TokenFi lender
Once you have TOKEN, you'll need to choose a TokenFi lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Kucoin TokenFi (TOKEN) Up to 2.17% p.a.
3. Lend Your TokenFi
Once you've chosen a platform to lend your TokenFi, transfer your TokenFi 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
BTSE	TokenFi (TOKEN)	0
Kraken	TokenFi (TOKEN)	0
Uphold	TokenFi (TOKEN)	0.02
BingX	TokenFi (TOKEN)	0
Bitfinex	TokenFi (TOKEN)	0.01
Bitmart	TokenFi (TOKEN)	0.01

Platform	Coin	Interest rate
Kucoin	TokenFi (TOKEN)	Up to 2.17% 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.