How to Lend Basic Attention (BAT): A Step-by-Step Guide for UAE Investors

Introduction

Lending Basic Attention can be an excellent choice for those looking to hold BAT while generating returns. The process may seem overwhelming, particularly for first-time users. That’s why we’ve created this guide specifically for you.

Step-by-Step Guide for UAE Residents

1. Acquire Basic Attention (BAT) Tokens

To lend Basic Attention, you must first acquire it. To obtain Basic Attention, you will need to purchase it. You can select from these well-known exchanges available in the UAE.

Platform	Cryptocurrency	Price
Nexo	Basic Attention (BAT)	0.22
YouHodler	Basic Attention (BAT)	0.22
Binance	Basic Attention (BAT)	0.22
BTSE	Basic Attention (BAT)	0.22
OKX	Basic Attention (BAT)	0.15
Uphold	Basic Attention (BAT)	0.14

View all 49 prices

2. Select a Basic Attention provider in the UAE
Once you have BAT, you'll need to select a Basic Attention lending platform to lend your tokens. You can explore some options available in the UAE market here.
Platform Cryptocurrency APY
YouHodler Basic Attention (BAT) Up to 12% APY
Gemini Basic Attention (BAT) Up to 0.01% APY
View all 6 financing rates
3. Lend Your Basic Attention in the UAE
Once you've selected a platform to lend your Basic Attention, transfer your Basic Attention into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms offer interest payments daily, while others may do so weekly or monthly.
4. Earn APY on Your Investments
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.

Platform	Cryptocurrency	APY
YouHodler	Basic Attention (BAT)	Up to 12% APY
Gemini	Basic Attention (BAT)	Up to 0.01% APY

What to Consider in the UAE Market

Lending your cryptocurrency can carry certain risks. It’s essential to conduct thorough research before depositing your cryptocurrency. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.