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USDCImportant Notice
Lending Binance USD (Linea) can be a great option for those who want to hold BUSD 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.
To lend Binance USD (Linea), you need to possess it. To acquire Binance USD (Linea), you'll need to buy it. You can select from these popular exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Coinbase | Binance USD (Linea) (BUSD) | 1 |
Once you have BUSD, you'll need to choose a Binance USD (Linea) lending platform to lend your tokens. You can find some options here.
Once you've chosen a platform to lend your Binance USD (Linea), transfer your Binance USD (Linea) 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.
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.
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.
