Introduction
Lending BNB can be an excellent option for those who wish to hold BNB 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 BNB (BNB) Tokens
To lend BNB, you need to possess it. To obtain BNB, you'll need to purchase it. You can choose from these popular exchanges in the UK.
2. Choose a BNB Lender in the UK
Once you have BNB, you'll need to choose a BNB lending platform to lend your tokens. You can see some options here.
3. Lend Your BNB
Once you've chosen a platform to lend your BNB, transfer your BNB 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. 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.
Latest Movements in the UK
BNB (BNB) is currently priced at US$3.67 with a 24-hour trading volume of US$1.09B. The market cap of BNB stands at US$100.23B, with 145.89M BNB in circulation. For those looking to buy or trade BNB, Nexo offers avenues to do so securely and efficiently
- Market capitalisation
- US$100.23B
- 24-hour volume
- US$1.09B
- Circulating supply
- 145.89M BNB
BNB
ADA
BCH
BTC
DOGE
ETH
FIGR_HELOC
LINK
SOL
STETH
TRX
USDC
USDS
