Where & how to lend Binance Coin (BNB)

Introduction

Lending Binance Coin can be a great option for those who want to hold BNB 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 Binance Coin (BNB) tokens

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

   Platform	Coin	Price
   Nexo	Binance Coin (BNB)	$596.33
   Bitpanda	Binance Coin (BNB)	$596.73
   Wirex	Binance Coin (BNB)	$594.57
   EarnPark	Binance Coin (BNB)	$596.91
   Klink	Binance Coin (BNB)	$596.53
   OKX	Binance Coin (BNB)	$595.9

   See all 18 prices

2. 2. Choose a Binance Coin lender

   Once you have BNB, you’ll need to choose a Binance Coin lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Nexo	Binance Coin (BNB)	Up to 8% APY
   EarnPark	Binance Coin (BNB)	Up to 9% APY
   Kucoin	Binance Coin (BNB)	Up to 0.5% APY

   See all 9 lending rates

3. 3. Lend your Binance Coin

   Once you’ve chosen a platform to lending your Binance Coin, transfer your Binance Coin 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.