How to Lend Bonk (BONK) in the UK

Introduction

Lending Bonk can be an excellent option for those who wish to hold BONK 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 Bonk (BONK) Tokens

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

   Platform	Coin	Price
   YouHodler	Bonk (BONK)	0.000008137
   Binance	Bonk (BONK)	0.00000813
   BTSE	Bonk (BONK)	0.00000811
   OKX	Bonk (BONK)	0.00002173
   Uphold	Bonk (BONK)	0.00001688
   Bake	Bonk (BONK)	0.00000812

   View all 41 prices

2. 2. Choose a Bonk Lender in the UK

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

   Platform	Coin	AER
   YouHodler	Bonk (BONK)	Up to 30% AER

3. 3. Lend Your Bonk

   Once you've chosen a platform to lend your Bonk, transfer your Bonk 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.