How to Lend SKALE (SKL) in Australia: A Step-by-Step Guide

Introduction

Lending SKALE can be a great option for those who want to hold SKL 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. Obtain SKALE (SKL) Tokens
To lend SKALE, you need to possess it. To acquire SKALE, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Binance SKALE (SKL) 0.01
BTSE SKALE (SKL) 0.01
Coinbase SKALE (SKL) 0.01
OKX SKALE (SKL) 0.03
Uphold SKALE (SKL) 0.02
Azbit SKALE (SKL) 0.01
See all 50 prices
2. Choose a SKALE lender
Once you have SKL, you'll need to choose a SKALE lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Bitget SKALE (SKL) Up to 1% p.a.
Gemini SKALE (SKL) Up to 0.01% p.a.
Kucoin SKALE (SKL) Up to 0.5% p.a.
See all 5 lending rates
3. Lend Your SKALE
Once you've chosen a platform to lend your SKALE, transfer your SKALE 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. 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.

Platform	Coin	Cost
Binance	SKALE (SKL)	0.01
BTSE	SKALE (SKL)	0.01
Coinbase	SKALE (SKL)	0.01
OKX	SKALE (SKL)	0.03
Uphold	SKALE (SKL)	0.02
Azbit	SKALE (SKL)	0.01

Platform	Coin	Interest rate
Bitget	SKALE (SKL)	Up to 1% p.a.
Gemini	SKALE (SKL)	Up to 0.01% p.a.
Kucoin	SKALE (SKL)	Up to 0.5% p.a.

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.