How to Lend XPLA (XPLA) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Bitget	XPLA (XPLA)	0.04
   CoinEx	XPLA (XPLA)	0.03
   Crypto.com	XPLA (XPLA)	0.03
   Gate.io	XPLA (XPLA)	0.03
   HTX	XPLA (XPLA)	0.04
   MEXC Global	XPLA (XPLA)	0.04

   See all 12 prices

2. 2. Choose a XPLA lender

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

   Platform	Coin	Interest rate
   Bitget	XPLA (XPLA)	Up to 1% p.a.

3. 3. Lend Your XPLA

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