Introduction
Lending Biconomy can be an excellent option for those who wish to hold BICO while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.
Step-by-Step Guide
1. Obtain Biconomy (BICO) Tokens
To lend Biconomy, you need to possess it. To obtain Biconomy, you'll need to purchase it. You can choose from these popular exchanges in the UK.
View all 44 pricesPlatform Coin Price Binance Biconomy (BICO) 0.11 Coinbase Biconomy (BICO) 0.11 Kraken Biconomy (BICO) 0.1 OKX Biconomy (BICO) 0.13 Uphold Biconomy (BICO) 0.11 BingX Biconomy (BICO) 0.11 2. Choose a Biconomy Lender in the UK
Once you have BICO, you'll need to choose a Biconomy lending platform to lend your tokens. You can see some options here.
Platform Coin AER Kucoin Biconomy (BICO) Up to 0.5% AER 3. Earn Biconomy
Once you've selected a platform to earn your Biconomy, transfer your Biconomy into your wallet on the earning platform. Once it's deposited, it will begin to accrue AER. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn AER
Now all you need to do is sit back while your cryptocurrency earns AER. The more you deposit, the more interest you can earn. Ensure that your earning platform pays compounding interest to maximise your returns.
What to Be Aware Of
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Do not lend more than you are prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Movements in the UK
Biconomy (BICO) is currently priced at US$0.5 with a 24-hour trading volume of US$11.24M. The market cap of Biconomy stands at US$251.34M, with 919.69M BICO in circulation. For those looking to purchase or trade Biconomy, Kucoin offers avenues to do so securely and efficiently
- Market capitalisation
- US$251.34M
- 24-hour volume
- US$11.24M
- Circulating supply
- 919.69M BICO