How to Lend Bancor Network (BNT): A Step-by-Step Guide for South Africans

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. 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. 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. Lend Your Bancor Network
Once you've selected a platform to lend your Bancor Network, transfer your Bancor Network into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
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. Make sure your lending platform pays compounding interest to maximise your returns.

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

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

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.