How to Lend Basic Attention (BAT)

Introduction

Lending Basic Attention can be an excellent choice for those looking to hold BAT while earning APY. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Basic Attention (BAT) Tokens

   To lend Basic Attention, you first need to possess it. To acquire Basic Attention, you'll have to buy it. You can select from these well-known exchanges.

   Plattform	Kryptowährung	Price
   Nexo	Basic Attention (BAT)	0,2 APY
   YouHodler	Basic Attention (BAT)	0,2 APY
   Binance	Basic Attention (BAT)	0,2 APY
   BTSE	Basic Attention (BAT)	0,2 APY
   OKX	Basic Attention (BAT)	0,15 APY
   Uphold	Basic Attention (BAT)	0,14 APY

   View all 49 prices

2. 2. Select a Basic Attention provider

   Once you have BAT, you'll need to select a Basic Attention lending platform to lend your tokens. You can explore some options here.

   Plattform	Kryptowährung	APY
   YouHodler	Basic Attention (BAT)	Up to 12 % APY
   Gemini	Basic Attention (BAT)	Up to 0,01 % APY

   View all 6 lending APY rates

3. 3. Lend Your Basic Attention in Germany

   Once you've selected a platform to lend your Basic Attention, transfer your Basic Attention into your wallet on the lending platform. Once it's deposited, it will begin to accrue APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform offers compounding interest to maximize your returns.

What to Consider

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.