How to Lend Fantom (FTM)

Introduction

Lending Fantom can be an excellent choice for those looking to hold FTM while earning APY. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Fantom (FTM) Tokens

   To lend Fantom, you first need to possess it. To acquire Fantom, you'll have to buy it. You can select from these well-known exchanges.

   Plattform	Kryptowährung	Price
   Nexo	Fantom (FTM)	0,47 APY
   PrimeXBT	Fantom (FTM)	0,68 APY
   YouHodler	Fantom (FTM)	0,7 APY
   Uphold	Fantom (FTM)	0,68 APY
   Kraken	Fantom (FTM)	0,57 APY
   OKX	Fantom (FTM)	0,69 APY

   View all 43 prices

2. 2. Select a Fantom provider

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

   Plattform	Kryptowährung	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 lending APY rates

3. 3. Lend Your Fantom in Germany

   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 accrue APY. 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 cryptocurrency earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform offers compounding interest to maximize your returns.

What to Consider

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.