How to Lend Zcash (ZEC) in Australia

Introduction

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

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

   Platform	Coin	Cost
   PrimeXBT	Zcash (ZEC)	423.84
   Binance	Zcash (ZEC)	424.6
   Coinbase	Zcash (ZEC)	425.16
   Kraken	Zcash (ZEC)	423.13
   Azbit	Zcash (ZEC)	425.19
   Bitfinex	Zcash (ZEC)	425.06

   See all 35 prices

2. 2. Choose a Zcash lender

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

   Platform	Coin	Interest rate
   Gemini	Zcash (ZEC)	Up to 0.01% p.a.
   Kucoin	Zcash (ZEC)	Up to 0.28% p.a.

   See all 4 lending rates

3. 3. Lend Your Zcash

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