How to Lend Biconomy (BICO)

Introduction

Lending Biconomy can be an excellent choice for those looking to hold BICO 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 Biconomy (BICO) Tokens

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

   Platform	Mint	Cost
   Uphold	Biconomy (BICO)	0,11
   Kraken	Biconomy (BICO)	0,1
   OKX	Biconomy (BICO)	0,13
   Binance	Biconomy (BICO)	0,1
   Coinbase	Biconomy (BICO)	0,1
   BingX	Biconomy (BICO)	0,1

   View all 44 prices

2. 2. Select a Biconomy Lender

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

   Platform	Mint	APY
   Kucoin	Biconomy (BICO)	Up to 0,5% APY

3. 3. Lend Your Biconomy

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