How to Lend Bancor Network (BNT) in Canada

Introduction to Cryptocurrency in Canada

Lending Bancor Network can be an excellent choice for Canadians looking to hold BNT while earning a yield. The process may seem a bit overwhelming, particularly for first-time users. That’s why we’ve created this guide specifically for you.

Step-by-Step Guide for Canadians

1. 1. Acquire Bancor Network (BNT) Tokens in Canada

   To lend Bancor Network in Canada, you first need to acquire it. To obtain Bancor Network, you'll need to purchase it from one of these popular exchanges available in the Canadian market.

   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 in Canada

2. 2. Choose a Bancor Network Lender in Canada

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

   Platform	Coin	APY
   YouHodler	Bancor Network (BNT)	Up to 12% APY in Canada
   Gemini	Bancor Network (BNT)	Up to 0.01% APY in Canada

   See all 4 lending rates in Canada

3. 3. Lend Your Bancor Network in Canada

   Once you've selected a platform to lend your Bancor Network, transfer your Bancor Network into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest in Canada

   Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Be sure to choose a lending platform that offers compounding interest to maximise your returns.

What Canadians Should Be Aware Of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.