Where and How to Lend Bancor Network (BNT)

Introduction

Lending Bancor Network can be a great option for those who want to hold BNT 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.

Step-by-step Guide

1. 1. Get Bancor Network (BNT) Tokens

   To lend Bancor Network, you need to have it. To get Bancor Network, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Loonies	Price
   YouHodler	Bancor Network (BNT)	0.6
   Kraken	Bancor Network (BNT)	0.6
   OKX	Bancor Network (BNT)	0.39
   Binance	Bancor Network (BNT)	0.6
   BTSE	Bancor Network (BNT)	0.6
   Coinbase	Bancor Network (BNT)	0.6

   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 see some options here.

   Platform	Loonies	Interest rate
   YouHodler	Bancor Network (BNT)	Up to 12% annual percentage yield
   Gemini	Bancor Network (BNT)	Up to 0.01% annual percentage yield

   See all 4 lending rates

3. 3. Lend Your Bancor Network

   Once you’ve chosen a platform for lending 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 pay 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. Try to make sure your lending platform pays compounding interest to maximize your returns.

What to be Aware of

Loaning 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 out their lending practices, reviews, and how they secure your cryptocurrency.