Where and How to Lend Basic Attention Token (BAT)

Introduction

Lending Basic Attention Token can be a great option for those who want to hold BAT 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 Basic Attention Token (BAT) Tokens

   In order to lend Basic Attention Token, you need to have it. To obtain Basic Attention Token, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Basic Attention Token (BAT)	0.15
   Bitpanda	Basic Attention Token (BAT)	0.15
   Uphold	Basic Attention Token (BAT)	0.15
   Kraken	Basic Attention Token (BAT)	0.15
   OKX	Basic Attention Token (BAT)	0.15
   YouHodler	Basic Attention Token (BAT)	0.15

   See all 20 prices

2. 2. Choose a Basic Attention Token Lender

   Once you have BAT, you’ll need to choose a Basic Attention Token lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   YouHodler	Basic Attention Token (BAT)	Up to 12.00 APY
   Kucoin	Basic Attention Token (BAT)	Up to 0.50 APY

   See all 4 lending rates

3. 3. Lend Your Basic Attention Token

   Once you’ve chosen a platform to lending your Basic Attention Token, transfer your Basic Attention Token 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.