How to Lend Australian Dollar (AUD): A Comprehensive Guide for Italian Investors

Introduction

Lending Australian Dollar can be an excellent choice for those looking to hold AUD while generating a return. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to help you navigate through it.

Step-by-Step Guide for Italian Investors

1. Acquire Australian Dollar (AUD) Tokens

To lend Australian Dollar, you must first possess it. To acquire Australian Dollar, you'll need to buy it. You can select from these well-known exchanges available in Italy.

Piattaforma	Criptovaluta	Value
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

Check out all 10 prices

2. Select a Australian Dollar Lender in Italy
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 in Italy
Once you've selected a platform to lend your Australian Dollar, transfer your Australian Dollar into your wallet on the lending platform. After the deposit is made, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.
4. Earn Interest
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 interest to maximize your earnings.