Earn up to
12% APY
An in-depth guide on how to lend Bancor Network (BNT)
We have a lot of data on lending Bancor Network (BNT) and we share some of this with you.
We show you some lending options with other coins that could be of interest.
Bancor Network (BNT) is currently priced at $12 with a 24-hour trading volume of $1.78M. The market cap of Bancor Network stands at $76.66M, with 119.15M BNT in circulation. For those looking to buy or trade Bancor Network, YouHodler offers avenues to do so securely and efficiently}
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.
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.
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 |
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.
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.
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.
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