Where and How to Earn Bancor Network (BNT)

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. 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.

   Platform	Coin	Price
   YouHodler	Bancor Network (BNT)	0.42
   Binance	Bancor Network (BNT)	0.42
   BTSE	Bancor Network (BNT)	0.42
   Coinbase	Bancor Network (BNT)	0.41
   Kraken	Bancor Network (BNT)	0.41
   OKX	Bancor Network (BNT)	0.39

   See all 52 prices

2. 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.

   Platform	Coin	Interest rate
   YouHodler	Bancor Network (BNT)	Up to 12% APY
   Gemini	Bancor Network (BNT)	Up to 0.01% APY

   See all 4 lending rates

3. 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. 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.