Introduction
Lending BNB 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. Get BNB (BNB) Tokens
To lend BNB, you need to have it. To get BNB, you'll need to buy it. You can choose from these popular exchanges.
2. Choose a BNB Lender
Once you have BNB, you’ll need to choose a BNB lending platform to lend your tokens. You can see some options here.
3. Lend Your BNB
Once you’ve chosen a platform for lending your BNB, transfer your BNB 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. 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.
Latest Movements
BNB (BNB) is currently priced at US$8 with a 24-hour trading volume of US$1.09B. The market cap of BNB is currently at US$100.23B, with 145.89M BNB in circulation. For those interested in buying or trading BNB, Nexo offers ways to do so securely and efficiently
- Market capitalization
- US$100.23B
- 24h volume
- US$1.09B
- Circulating supply
- 145.89M BNB
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