Introduction

Lending BinaryX can be a great option for those who wish to hold BNX but earn interest. The steps can be a bit intimidating, especially the first time you attempt them. That's why we have compiled this guide for you.

Step-by-Step Guide

1. 1. Acquire BinaryX (BNX) Tokens

   To lend BinaryX, you need to have it. To obtain BinaryX, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bake	BinaryX (BNX)	5.63
   BingX	BinaryX (BNX)	1.96
   Bitget	BinaryX (BNX)	1.79
   Bitmart	BinaryX (BNX)	1.49
   Bitpanda	BinaryX (BNX)	0.57
   LBank	BinaryX (BNX)	1.14

   See all 13 prices

2. 2. Select a BinaryX Lender

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

3. 3. Lend Your BinaryX

   After you have selected a platform for lending your BinaryX, transfer your BinaryX into your wallet on the lending platform. Once it is deposited, it will begin earning interest. Some platforms pay interest on a daily basis, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you have to do is relax while your crypto earns interest. 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 that you do your research before depositing your crypto. Don’t lend more than you’re prepared to lose. Verify their lending practices, reviews, and how they secure your cryptocurrency.