Introduction

Lending BUSD can be an excellent choice for individuals looking to hold BUSD while earning an attractive APY. The process may seem a bit overwhelming, particularly for first-time users. To simplify this experience, we have created this comprehensive guide tailored for you.

Step-by-Step Guide

1. 1. Acquire BUSD (BUSD) Tokens

   To lend BUSD, you must first possess it. To acquire BUSD, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.

   Platform	Coin	Price
   Gate.io	BUSD (BUSD)	1 APY
   Wirex	BUSD (BUSD)	1 APY

   View all 4 prices

2. 2. Select a BUSD lending platform

   Once you have BUSD, you'll need to select a BUSD lending platform to lend your tokens. You can explore several options available in the market here.

3. 3. Earn BUSD

   Once you've selected a platform to earn your BUSD, transfer your BUSD into your wallet on the earning platform. After the deposit is completed, it will begin to accrue interest. Some platforms offer interest payments daily, while others may do so weekly or monthly.

4. 4. Earn APY on Your Assets

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the greater your potential earnings. Be sure to choose a platform that offers compounding interest to maximize your returns.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks