How to Lend DigiByte (DGB) in Australia

Introduction

Lending DigiByte can be a great option for those who want to hold DGB 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 DigiByte (DGB) Tokens

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

   Platform	Coin	Cost
   Uphold	DigiByte (DGB)	0.01
   OKX	DigiByte (DGB)	0.01
   Binance	DigiByte (DGB)	0.01
   BingX	DigiByte (DGB)	0.01
   Bitmart	DigiByte (DGB)	0.01
   Bitpanda	DigiByte (DGB)	0.01

   See all 29 prices

2. 2. Choose a DigiByte lender

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

   Platform	Coin	Interest rate
   Kucoin	DigiByte (DGB)	Up to 0.5% p.a.

3. 3. Lend Your DigiByte

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