How to Lend Basic Attention (BAT)

Introduction

Lending Basic Attention can be an excellent choice for those looking to hold BAT 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 Basic Attention (BAT) Tokens

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

   Platform	Mint	Cost
   Nexo	Basic Attention (BAT)	0,22
   YouHodler	Basic Attention (BAT)	0,22
   Binance	Basic Attention (BAT)	0,22
   BTSE	Basic Attention (BAT)	0,22
   OKX	Basic Attention (BAT)	0,15
   Uphold	Basic Attention (BAT)	0,14

   View all 49 prices

2. 2. Select a Basic Attention Lender

   Once you have BAT, you'll need to select a Basic Attention lending platform to lend your tokens. You can explore some options here.

   Platform	Mint	APY
   YouHodler	Basic Attention (BAT)	Up to 12% APY
   Gemini	Basic Attention (BAT)	Up to 0,01% APY

   View all 6 lending APYs

3. 3. Lend Your Basic Attention

   Once you've selected a platform to lend your Basic Attention, transfer your Basic Attention 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. 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.

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.