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Introduction

Lending BNB can be an excellent choice for those looking to hold BNB 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 BNB (BNB) Tokens

   To lend BNB, you must first acquire it. To obtain BNB, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.

   Platform	Coin	Price
   Nexo	BNB (BNB)	905.75
   PrimeXBT	BNB (BNB)	902.95
   EarnPark	BNB (BNB)	901.49
   YouHodler	BNB (BNB)	901.32
   Binance	BNB (BNB)	902.62
   BTSE	BNB (BNB)	901.98

   See all 61 prices

2. 2. Choose a BNB Lender

   Once you have BNB, you'll need to select a BNB lending platform to lend your tokens. You can explore some options here.

   Platform	Coin	Interest rate
   Nexo	BNB (BNB)	Up to 8% APY
   EarnPark	BNB (BNB)	Up to 6% APY
   YouHodler	BNB (BNB)	Up to 12% APY
   Bitget	BNB (BNB)	Up to 0.5% APY
   Blockchain.com	BNB (BNB)	Up to 2% APY

   See all 15 lending rates

3. 3. Earn BNB

   Once you've selected a platform to earn your BNB, transfer your BNB 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.