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Lending Australian Dollar can be an excellent choice for individuals looking to hold AUD while earning an attractive APY. The process may seem a bit overwhelming, particularly for first-time users. To simplify this experience, we have created this comprehensive guide tailored for you.
To lend Australian Dollar, you must first possess it. To acquire Australian Dollar, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.
| Platform | Coin | Price |
|---|---|---|
| YouHodler | Australian Dollar (AUD) | 0.67 APY |
| Binance | Australian Dollar (AUD) | 0.73 APY |
| Kraken | Australian Dollar (AUD) | 0.67 APY |
| Uphold | Australian Dollar (AUD) | 0.65 APY |
| Currency.com | Australian Dollar (AUD) | 0.62 APY |
| Gemini | Australian Dollar (AUD) | 0.67 APY |
Once you have AUD, you'll need to select a Australian Dollar lending platform to lend your tokens. You can explore several options available in the market here.
After selecting a platform to lend your Australian Dollar, transfer your Australian Dollar into your wallet on the lending platform. Once the deposit is completed, it will begin to accrue APY. Some platforms offer daily interest payouts, while others may provide interest on a weekly or monthly basis.
Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding APY to maximize your earnings.
Lending your cryptocurrency can involve significant risks
