How to Lend Bancor Network (BNT) in Australia

Introduction

Lending Bancor Network can be a great option for those who want to hold BNT 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 Bancor Network (BNT) Tokens

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

   Platform	Coin	Cost
   YouHodler	Bancor Network (BNT)	0.4
   Binance	Bancor Network (BNT)	0.4
   BTSE	Bancor Network (BNT)	0.4
   Coinbase	Bancor Network (BNT)	0.4
   Kraken	Bancor Network (BNT)	0.4
   OKX	Bancor Network (BNT)	0.39

   See all 52 prices

2. 2. Choose a Bancor Network lender

   Once you have BNT, you'll need to choose a Bancor Network lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   YouHodler	Bancor Network (BNT)	Up to 12% p.a.
   Gemini	Bancor Network (BNT)	Up to 0.01% p.a.

   See all 4 lending rates

3. 3. Lend Your Bancor Network

   Once you've chosen a platform to lend your Bancor Network, transfer your Bancor Network 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.