How to Lend Wormhole (W) in Australia: A Step-by-Step Guide

Introduction

Lending Wormhole can be a great option for those who want to hold W 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 Wormhole (W) Tokens
To lend Wormhole, you need to possess it. To acquire Wormhole, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
PrimeXBT Wormhole (W) 0.03
YouHodler Wormhole (W) 0.03
Binance Wormhole (W) 0.03
BTSE Wormhole (W) 0.03
Coinbase Wormhole (W) 0.03
OKX Wormhole (W) 0.08
See all 44 prices
2. Choose a Wormhole lender
Once you have W, you'll need to choose a Wormhole lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
YouHodler Wormhole (W) Up to 16% p.a.
Bitget Wormhole (W) Up to 0.8% p.a.
Kucoin Wormhole (W) Up to 0.5% p.a.
See all 5 lending rates
3. Lend Your Wormhole
Once you've chosen a platform to lend your Wormhole, transfer your Wormhole 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
PrimeXBT	Wormhole (W)	0.03
YouHodler	Wormhole (W)	0.03
Binance	Wormhole (W)	0.03
BTSE	Wormhole (W)	0.03
Coinbase	Wormhole (W)	0.03
OKX	Wormhole (W)	0.08

Platform	Coin	Interest rate
YouHodler	Wormhole (W)	Up to 16% p.a.
Bitget	Wormhole (W)	Up to 0.8% p.a.
Kucoin	Wormhole (W)	Up to 0.5% 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.