How to Lend Fantom (FTM)

Introduction

Lending Fantom can be an excellent choice for those looking to hold FTM while generating returns. The process may seem overwhelming, particularly for first-time users. That’s why we’ve created this guide specifically for you.

Step-by-Step Guide for UAE Residents

1. 1. Acquire Fantom (FTM) Tokens

   To lend Fantom, you must first acquire it. To obtain Fantom, you will need to purchase it. You can select from these well-known exchanges available in the UAE.

   Platform	Cryptocurrency	Price
   Nexo	Fantom (FTM)	0.47
   PrimeXBT	Fantom (FTM)	0.68
   YouHodler	Fantom (FTM)	0.7
   Binance	Fantom (FTM)	0.7
   BTSE	Fantom (FTM)	0.64
   Coinbase	Fantom (FTM)	1

   View all 43 prices

2. 2. Select a Fantom provider in the UAE

   Once you have FTM, you'll need to select a Fantom lending platform to lend your tokens. You can explore some options available in the UAE market here.

   Platform	Cryptocurrency	APY
   Nexo	Fantom (FTM)	Up to 7% APY
   Nebeus	Fantom (FTM)	Up to 13% APY
   YouHodler	Fantom (FTM)	Up to 30% APY

   View all 6 financing rates

3. 3. Lend Your Fantom in the UAE

   Once you've selected a platform to lend your Fantom, transfer your Fantom into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms offer interest payments daily, while others may do so weekly or monthly.

4. 4. Earn APY on Your Investments

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximize your earnings.

What to Consider in the UAE Market

Lending your cryptocurrency can carry certain risks. It’s essential to conduct thorough research before depositing your cryptocurrency. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.