Introduction
Lending Basic Attention can be a great option for those who want to hold BAT 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 Basic Attention (BAT) tokens
To lend Basic Attention, you need to possess it. To acquire Basic Attention, you'll need to buy it. You can select from these popular exchanges.
2. Choose a Basic Attention lender
Once you have BAT, you'll need to choose a Basic Attention lending platform to lend your tokens. You can find some options here.
See all 6 lending ratesPlatform Coin Interest rate YouHodler Basic Attention (BAT) Up to 12% p.a. Gemini Basic Attention (BAT) Up to 0.01% p.a. 3. Earn Basic Attention
Once you've chosen a platform to earn your Basic Attention, transfer your Basic Attention into your wallet on the earning 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 earning 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 prepared to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
Basic Attention (BAT) is currently priced at USD 0.01 with a 24-hour trading volume of USD 35.45M. The market cap of Basic Attention stands at USD 360.28M, with 1.5B BAT in circulation. For those looking to buy or trade Basic Attention, YouHodler offers avenues to do so securely and efficiently
- Market capitalisation
- USD 360.28M
- 24-hour volume
- USD 35.45M
- Circulating supply
- 1.5B BAT
