How to Lend BUSD (BUSD): A Comprehensive Guide for Chinese Investors

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. 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. 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. Lend Your BUSD for attractive APY returns
After selecting a platform to lend your BUSD, transfer your BUSD 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. 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.