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Introduction

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

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

   E-platform	Coin	Cost
   YouHodler	Bonk (BONK)	0.000008059 APY
   Binance	Bonk (BONK)	0.00000806 APY
   BTSE	Bonk (BONK)	0.00000805 APY
   OKX	Bonk (BONK)	0.00002173 APY
   Uphold	Bonk (BONK)	0.00001688 APY
   Bake	Bonk (BONK)	0.00000808 APY

   See all 41 prices in Uganda

2. 2. Select a Bonk Lender

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

   E-platform	Coin	APY
   YouHodler	Bonk (BONK)	Up to 30% APY

3. 3. Earn Bonk in Uganda's vibrant financial landscape

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