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USDCImportant Notice
Lending New BitShares can be an excellent option for those who wish to hold NBS 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.
To lend New BitShares, you need to possess it. To obtain New BitShares, you'll need to purchase it. You can choose from these popular exchanges in the UK.
| Platform | Coin | Price |
|---|---|---|
| Binance | New BitShares (NBS) | 0 |
| Gate.io | New BitShares (NBS) | 0.00006244 |
| MEXC Global | New BitShares (NBS) | 0.00003 |
Once you have NBS, you'll need to choose a New BitShares lending platform to lend your tokens. You can see some options here.
Once you've chosen a platform to lend your New BitShares, transfer your New BitShares 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.
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.
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.
