How to Lend WEN ($wen) in Australia

Introduction

Lending WEN can be a great option for those who want to hold $wen 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 WEN ($wen) Tokens

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

   Platform	Coin	Cost
   YouHodler	WEN ($wen)	0.000008123
   BTSE	WEN ($wen)	0.00000788
   Kraken	WEN ($wen)	0.00000812
   BingX	WEN ($wen)	0.00001655
   Bitget	WEN ($wen)	0.0000165
   Bitmart	WEN ($wen)	0.00000814

   See all 12 prices

2. 2. Choose a WEN lender

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

   Platform	Coin	Interest rate
   YouHodler	WEN ($wen)	Up to 30% p.a.
   Bitget	WEN ($wen)	Up to 0.4% p.a.

3. 3. Lend Your WEN

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