Where and How to Lend Bancor Network (BNT)

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. 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
   Bitpanda	Bancor Network (BNT)	0.66
   Kraken	Bancor Network (BNT)	0.66
   OKX	Bancor Network (BNT)	0.67
   YouHodler	Bancor Network (BNT)	0.66
   Binance	Bancor Network (BNT)	0.66
   Coinbase	Bancor Network (BNT)	0.67

   See all 22 prices

2. 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
   OKX	Bancor Network (BNT)	Up to 1 APY

3. 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. 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.

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.