How to Lend Fantom (FTM) in Australia: A Step-by-Step Guide

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. 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. 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. 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. 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.

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

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.

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.