How to Lend Bonk (BONK)

Introduction

Lending Bonk can be an excellent choice for those looking to hold BONK 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 Bonk (BONK) Tokens

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

   Platform	Mint	Cost
   YouHodler	Bonk (BONK)	0,000008068
   Binance	Bonk (BONK)	0,00000807
   BTSE	Bonk (BONK)	0,00000808
   OKX	Bonk (BONK)	0,00002173
   Uphold	Bonk (BONK)	0,00001688
   Bake	Bonk (BONK)	0,00000809

   View all 41 prices

2. 2. Select a Bonk Lender

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

   Platform	Mint	APY
   YouHodler	Bonk (BONK)	Up to 30% APY

3. 3. Lend Your Bonk

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