Introduction

Lending BinaryX can be an excellent choice for individuals looking to hold BNX 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 BinaryX (BNX) Tokens

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

   Platform	Coin	Price
   Bake	BinaryX (BNX)	0.34 APY
   BingX	BinaryX (BNX)	1.96 APY
   Bitget	BinaryX (BNX)	1.79 APY
   Bitmart	BinaryX (BNX)	1.49 APY
   Bitpanda	BinaryX (BNX)	0.57 APY
   LBank	BinaryX (BNX)	1.14 APY

   View all 13 prices

2. 2. Select a BinaryX lending platform

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

3. 3. Lend Your BinaryX for attractive APY returns

   After selecting a platform to lend your BinaryX, transfer your BinaryX into your wallet on the lending platform. Once the deposit is completed, it will begin to accrue APY. Some platforms offer daily interest payouts, while others may provide interest on a weekly or monthly basis.

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 higher your potential returns. Ensure that your lending platform offers compounding APY to maximize your earnings.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks