Introduction

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.

Step-by-Step Guide

1. 1. Acquire Australian Dollar (AUD) Tokens

   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

   View all 10 prices

2. 2. Select a Australian Dollar lending platform

   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.

3. 3. Lend Your Australian Dollar for attractive APY returns

   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.

4. 4. Earn APY on Your Assets

   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.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks