Binance USD (BUSD) is currently priced at $1, with a 24-hour trading volume of $13.04M. In the last 24 hours, Binance USD has experienced a decrease to -0.2. The market cap of Binance USD stands at $70.53M, with 70.51M in circulation. For those looking to buy or trade Binance USD, reputable platforms like offer avenues to do so securely and efficiently.
Lending Binance USD can be a great option for those who want to hold BUSD but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
In order to lend Binance USD, you need to have it. To obtain Binance USD, you’ll need to purchase it. You can choose from these popular exchanges.
Once you have BUSD, you’ll need to choose a Binance USD lending platform to lend your tokens. You can see some options here.
Once you’ve chosen a platform to lending your Binance USD, transfer your Binance USD into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.
Lending your crypto can be risky. Make sure 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.
