Where & how to lend Biconomy Token (BICO)

Introduction

Lending Biconomy Token can be a great option for those who want to hold BICO but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-step

1. 1. Obtain Biconomy Token (BICO) tokens

   In order to lend Biconomy Token, you need to have it. To obtain Biconomy Token, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	Biconomy Token (BICO)	$0.2059
   Uphold	Biconomy Token (BICO)	$0.2572
   Kraken	Biconomy Token (BICO)	$0.2069
   OKX	Biconomy Token (BICO)	$0.2051
   Binance	Biconomy Token (BICO)	$0.204
   Coinbase	Biconomy Token (BICO)	$0.2051

   See all 13 prices

2. 2. Choose a Biconomy Token lender

   Once you have BICO, you’ll need to choose a Biconomy Token lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   OKX	Biconomy Token (BICO)	Up to 1% APY
   Kucoin	Biconomy Token (BICO)	Up to 0.5% APY

3. 3. Lend your Biconomy Token

   Once you’ve chosen a platform to lending your Biconomy Token, transfer your Biconomy Token into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn interest

   Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.