How to Lend Fantom (FTM) in the cryptocurrency market

Introduction

Lending Fantom can be an excellent choice for individuals looking to hold FTM while earning an attractive APY. The process may seem a bit overwhelming, particularly for first-time users. To simplify this experience, we have created this comprehensive guide tailored for you.

Step-by-Step Guide

1. 1. Acquire Fantom (FTM) Tokens

   To lend Fantom, you must first possess it. To acquire Fantom, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.

   平台	Coin	Price
   Nexo	Fantom (FTM)	0.47 APY
   PrimeXBT	Fantom (FTM)	0.68 APY
   YouHodler	Fantom (FTM)	0.7 APY
   Binance	Fantom (FTM)	0.7 APY
   BTSE	Fantom (FTM)	0.64 APY
   Coinbase	Fantom (FTM)	1 APY

   View all 43 prices

2. 2. Select a Fantom lending platform

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

   平台	Coin	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 loan interest rates

3. 3. Lend Your Fantom for attractive APY returns

   After selecting a platform to lend your Fantom, transfer your Fantom into your wallet on the lending platform. Once the deposit is completed, it will begin to accrue APY. Some platforms offer daily interest payouts, while others may provide interest on a weekly or monthly basis.

4. 4. Earn APY on Your Assets

   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 APY to maximize your earnings.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks