How to Earn Bancor Network (BNT): A Comprehensive Guide

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.
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. 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. 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.

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

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

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.