Introduction
Lending Bancor Network can be an excellent choice for those looking to hold BNT while earning yield. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide to help you navigate through it smoothly.
Step-by-Step Guide
1. Acquire Bancor Network (BNT) Tokens
To lend Bancor Network, you must first acquire it. To obtain Bancor Network, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.
2. Choose a Bancor Network Lender
Once you have BNT, you'll need to select a Bancor Network lending platform to lend your tokens. You can explore some options here.
See all 4 lending ratesPlatform Coin Interest rate YouHodler Bancor Network (BNT) Up to 12% APY Gemini Bancor Network (BNT) Up to 0.01% APY 3. Earn Bancor Network
Once you've selected a platform to earn your Bancor Network, transfer your Bancor Network into your wallet on the earning platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is relax while your cryptocurrency earns interest. The more you deposit, the higher your potential earnings. Ensure that your earning platform offers compounding APY to maximize your returns.
What to be Aware of
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they have in place to secure your cryptocurrency.
Latest Movements
Bancor Network (BNT) is currently priced at US$12 with a 24-hour trading volume of US$1.78M. The market cap of Bancor Network stands at US$76.66M, with 119.15M BNT in circulation. For those looking to buy or trade Bancor Network, YouHodler offers avenues to do so securely and efficiently
- Market cap
- US$76.66M
- 24h volume
- US$1.78M
- Circulating supply
- 119.15M BNT
