Introduction

Lending Binance Coin (Wormhole) can be a great option for those who want to hold BNB 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 Binance Coin (Wormhole) (BNB) Tokens

   To lend Binance Coin (Wormhole), you need to have it. To get Binance Coin (Wormhole), you'll need to buy it. You can choose from these popular exchanges.

   Platform	Loonies	Price
   Kraken	Binance Coin (Wormhole) (BNB)	693.12

2. 2. Choose a Binance Coin (Wormhole) Lender

   Once you have BNB, you’ll need to choose a Binance Coin (Wormhole) lending platform to lend your tokens. You can see some options here.

3. 3. Lend Your Binance Coin (Wormhole)

   Once you’ve chosen a platform for lending your Binance Coin (Wormhole), transfer your Binance Coin (Wormhole) 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.