How to Lend Australian Dollar (AUD): A Step-by-Step Guide for Spain

Introduction

Lending Australian Dollar can be an excellent choice for those looking to hold AUD while generating yield. The process might seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for Spain 1

1. Acquire Australian Dollar (AUD) Tokens

To lend Australian Dollar, you first need to possess it. To acquire Australian Dollar, you'll have to buy it. You can select from these popular exchanges available in Spain.

Plataforma	Cripto	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

Consulta todos los 10 precios

2. Select a Australian Dollar Lender
Once you have AUD, you'll need to select a Australian Dollar lending platform to lend your tokens. You can explore some options here.
3. Lend Your Australian Dollar
Once you've selected a platform to lend your Australian Dollar, transfer your Australian Dollar into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Generate Earnings
Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more APY you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.