How to Lend Bancor Network (BNT): A Step-by-Step Guide

Introduction

Lending Bancor Network can be a great option for those who want to hold BNT but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Bancor Network (BNT) Tokens
In order to lend Bancor Network, you need to have it. To obtain Bancor Network, you’ll need to purchase it. You can choose from these popular exchanges.
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 choose a Bancor Network lending platform to lend your tokens. You can see 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. Lend Your Bancor Network
Once you’ve chosen a platform to lending your Bancor Network, transfer your Bancor Network into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise 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 crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.