How to Lend Katana Inu (KATA) in Australia

Introduction

Lending Katana Inu can be a great option for those who want to hold KATA 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 Katana Inu (KATA) Tokens

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

   Platform	Coin	Cost
   Bitget	Katana Inu (KATA)	0.000178
   Bitmart	Katana Inu (KATA)	0.00009004
   MEXC Global	Katana Inu (KATA)	0.000094
   Probit	Katana Inu (KATA)	0.000075

   See all 8 prices

2. 2. Choose a Katana Inu lender

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

   Platform	Coin	Interest rate
   Bitget	Katana Inu (KATA)	Up to 1% p.a.

3. 3. Lend Your Katana Inu

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