Introduction

Lending BinaryX can be an excellent option for those who wish to hold BNX 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. 1. Obtain BinaryX (BNX) Tokens

   To lend BinaryX, you need to possess it. To obtain BinaryX, you'll need to purchase it. You can choose from these popular exchanges in the UK.

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

   View all 13 prices

2. 2. Choose a BinaryX Lender in the UK

   Once you have BNX, you'll need to choose a BinaryX lending platform to lend your tokens. You can see some options here.

3. 3. Lend Your BinaryX

   Once you've chosen a platform to lend your BinaryX, transfer your BinaryX into your wallet on the lending platform. Once it's deposited, it will start earning AER. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn AER

   Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending 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.