How to Lend Wrapped Bitcoin (WBTC) in Australia

Introduction

Lending Wrapped Bitcoin can be a great option for those who want to hold WBTC 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 Wrapped Bitcoin (WBTC) Tokens

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

   Platform	Coin	Cost
   Binance	Wrapped Bitcoin (WBTC)	90,118.9
   Kraken	Wrapped Bitcoin (WBTC)	90,472.3
   OKX	Wrapped Bitcoin (WBTC)	114,676.9
   BingX	Wrapped Bitcoin (WBTC)	90,166.25
   Bitget	Wrapped Bitcoin (WBTC)	90,091.9
   Bitmart	Wrapped Bitcoin (WBTC)	90,126.55

   See all 20 prices

2. 2. Choose a Wrapped Bitcoin lender

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

   Platform	Coin	Interest rate
   Aave	Wrapped Bitcoin (WBTC)	Up to 0.01% p.a.
   Bitget	Wrapped Bitcoin (WBTC)	Up to 1.3% p.a.
   Compound	Wrapped Bitcoin (WBTC)	Up to 0.32% p.a.
   Klink	Wrapped Bitcoin (WBTC)	Up to 4% p.a.

   See all 15 lending rates

3. 3. Lend Your Wrapped Bitcoin

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