How to Lend Fantom (FTM) in Australia

Introduction

Lending Fantom can be a great option for those who want to hold FTM while earning yield. The steps may seem a bit daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Fantom (FTM) Tokens

   To lend Fantom, you need to possess it. To acquire Fantom, you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Cost
   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

   See all 43 prices

2. 2. Choose a Fantom lender

   Once you have FTM, you'll need to choose a Fantom lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Nexo	Fantom (FTM)	Up to 7% p.a.
   Nebeus	Fantom (FTM)	Up to 13% p.a.
   YouHodler	Fantom (FTM)	Up to 30% p.a.

   See all 6 lending rates

3. 3. Lend Your Fantom

   Once you've chosen a platform to lend your Fantom, transfer your Fantom into your wallet on the lending platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so 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. Ensure your lending platform pays compounding interest to maximise your returns.

What to Be Aware Of

Lending your crypto can be risky. Ensure 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.