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Introduction

Lending Bancor Network can be an excellent choice for those looking to hold BNT while earning some returns. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire Bancor Network (BNT) Tokens

   To lend Bancor Network, you first need to possess it. To acquire Bancor Network, you will have to buy it. You can select from these popular exchanges available in Uganda.

   E-platform	Coin	Cost
   YouHodler	Bancor Network (BNT)	0.4 APY
   Binance	Bancor Network (BNT)	0.4 APY
   BTSE	Bancor Network (BNT)	0.39 APY
   Coinbase	Bancor Network (BNT)	0.4 APY
   Kraken	Bancor Network (BNT)	0.4 APY
   OKX	Bancor Network (BNT)	0.39 APY

   See all 52 prices in Uganda

2. 2. Select 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.

   E-platform	Coin	APY
   YouHodler	Bancor Network (BNT)	Up to 12% APY
   Gemini	Bancor Network (BNT)	Up to 0.01% APY

   View all 4 APY rates

3. 3. Earn Bancor Network in Uganda's vibrant financial landscape

   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 APY daily, while others do so weekly or monthly.

4. 4. Grow Your Savings

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the more APY you can earn. Ensure that your earning platform offers compounding APY to maximise your returns.

What to Keep in Mind

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 take to secure your cryptocurrency.