How to Lend Bonk (BONK) in India

Introduction

Lending Bonk can be an excellent choice for those looking to hold BONK while earning returns. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this comprehensive guide tailored for you.

Step-by-Step Guide for Indian Investors

1. 1. Acquire Bonk (BONK) Tokens in India

   To lend Bonk, you first need to possess it. To acquire Bonk, you'll have to buy it. You can select from these popular Indian exchanges.

   Platform	Coin	Cost
   YouHodler	Bonk (BONK)	0.00001052
   Binance	Bonk (BONK)	0.00001053
   BTSE	Bonk (BONK)	0.00001052
   OKX	Bonk (BONK)	0.00002173
   Uphold	Bonk (BONK)	0.00001688
   Bake	Bonk (BONK)	0.0000104

   See all 41 rates

2. 2. Choose a Bonk Lender in India

   Once you have BONK, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.

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

3. 3. Lend Your Bonk in India

   Once you've selected a platform to lend your Bonk, transfer your Bonk into your wallet on the lending platform. After the deposit is made, it will begin to earn APY. Some platforms offer interest payouts daily, while others may do so weekly or monthly.

4. 4. Earn Interest in India

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximise your earnings.

What to Keep in Mind

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto assets. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.