Introduction
Lending Basic Attention can be an excellent choice for those looking to hold BAT 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 Basic Attention (BAT) Tokens
To lend Basic Attention, you must first acquire it. To obtain Basic Attention, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.
2. Choose a Basic Attention Lender
Once you have BAT, you'll need to select a Basic Attention lending platform to lend your tokens. You can explore some options here.
See all 6 lending ratesPlatform Coin Interest rate YouHodler Basic Attention (BAT) Up to 12% APY Gemini Basic Attention (BAT) Up to 0.01% APY 3. Earn Basic Attention
Once you've selected a platform to earn your Basic Attention, transfer your Basic Attention 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
Basic Attention (BAT) is currently priced at US$12 with a 24-hour trading volume of US$35.45M. The market cap of Basic Attention stands at US$360.28M, with 1.5B BAT in circulation. For those looking to buy or trade Basic Attention, YouHodler offers avenues to do so securely and efficiently
- Market cap
- US$360.28M
- 24h volume
- US$35.45M
- Circulating supply
- 1.5B BAT
