How to Lend Truebit Protocol (TRU) in Australia

Introduction

Lending Truebit Protocol can be a great option for those who want to hold TRU 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 Truebit Protocol (TRU) Tokens

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

   Platform	Coin	Cost
   Kraken	Truebit Protocol (TRU)	0.03
   Binance	Truebit Protocol (TRU)	0.03
   Bake	Truebit Protocol (TRU)	0.03
   Bitmart	Truebit Protocol (TRU)	0.24
   Bitpanda	Truebit Protocol (TRU)	0.11
   Crypto.com	Truebit Protocol (TRU)	0.03

   See all 17 prices

2. 2. Choose a Truebit Protocol lender

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

   Platform	Coin	Interest rate
   Kucoin	Truebit Protocol (TRU)	Up to 0.5% p.a.

3. 3. Lend Your Truebit Protocol

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