Introduction
Lending Bancor Network can be a great option for those who want to hold BNT 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. Acquire Bancor Network (BNT) Tokens
To lend Bancor Network, you need to possess it. To acquire Bancor Network, you’ll need to buy it. You can select from these popular exchanges.
2. Choose a Bancor Network Lender
Once you have BNT, you'll need to choose a Bancor Network lending platform to lend your tokens. You can see some options here.
See all 4 lending ratesPlatform Coin Interest rate YouHodler Bancor Network (BNT) Up to 12% AER 3. Earn Bancor Network
Once you've selected a platform to earn your Bancor Network, transfer your Bancor Network into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is sit back whilst your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your earning platform pays compounding interest to maximise your returns.
What to be Aware of
Lending 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 their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
Bancor Network (BNT) is currently priced at US$0.01 with a 24-hour trading volume of US$1.78M. The market cap of Bancor Network stands at US$76.66M, with 119.15M BNT in circulation. For those looking to purchase or trade Bancor Network, YouHodler offers avenues to do so securely and efficiently}
- Market capitalisation
- US$76.66M
- 24-hour volume
- US$1.78M
- Circulating supply
- 119.15M BNT