How to Lend Velocimeter FLOW (FLOW) in Australia

Introduction

Lending Velocimeter FLOW can be a great option for those who want to hold FLOW 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 Velocimeter FLOW (FLOW) Tokens

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

   Platform	Coin	Cost
   Coinbase	Velocimeter FLOW (FLOW)	0.1
   Kraken	Velocimeter FLOW (FLOW)	0.1
   Azbit	Velocimeter FLOW (FLOW)	0.16
   Bybit	Velocimeter FLOW (FLOW)	0.1
   CoinEx	Velocimeter FLOW (FLOW)	0.09
   CoinW	Velocimeter FLOW (FLOW)	0.1

   See all 20 prices

2. 2. Choose a Velocimeter FLOW lender

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

   Platform	Coin	Interest rate
   Kucoin	Velocimeter FLOW (FLOW)	Up to 0.5% p.a.

3. 3. Lend Your Velocimeter FLOW

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