missing en-za translation: how-to.verb.earn.hero.heading

Introduction

Lending Bancor Network can be an excellent choice for those looking to hold BNT while earning a return. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Bancor Network (BNT) Tokens

   To lend Bancor Network, you first need to possess it. To acquire Bancor Network, you'll need to buy it. You can select from these well-known exchanges.

   Platform	Mint	Cost
   YouHodler	Bancor Network (BNT)	0,4
   Binance	Bancor Network (BNT)	0,4
   BTSE	Bancor Network (BNT)	0,4
   Coinbase	Bancor Network (BNT)	0,4
   Kraken	Bancor Network (BNT)	0,4
   OKX	Bancor Network (BNT)	0,39

   View all 52 prices

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.

   Platform	Mint	APY
   YouHodler	Bancor Network (BNT)	Up to 12% APY
   Gemini	Bancor Network (BNT)	Up to 0,01% APY

   View all 4 lending APYs

3. 3. Earn Bancor Network

   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 start earning APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest in South Africa

   Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more interest you can earn. Try to ensure your earning platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.