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Introduction

Lending Filecoin can be an excellent choice for those looking to hold FIL while generating yield. The process might seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for Spain 1

1. 1. Acquire Filecoin (FIL) Tokens

   To lend Filecoin, you first need to possess it. To acquire Filecoin, you'll have to buy it. You can select from these popular exchanges available in Spain.

   Plataforma	Cripto	Price
   PrimeXBT	Filecoin (FIL)	1,32 APY
   YouHodler	Filecoin (FIL)	1,32 APY
   Binance	Filecoin (FIL)	1,32 APY
   BTSE	Filecoin (FIL)	1,32 APY
   OKX	Filecoin (FIL)	1,32 APY
   Uphold	Filecoin (FIL)	2,66 APY

   Consulta todos los 46 precios

2. 2. Select a Filecoin Lender

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

   Plataforma	Cripto	APY
   YouHodler	Filecoin (FIL)	Hasta 12% APY
   Bitget	Filecoin (FIL)	Hasta 4,2% APY
   Gemini	Filecoin (FIL)	Hasta 0,01% APY

   Lending APY

3. 3. Earn Filecoin with competitive APY rates that can help you grow your investment

   Once you've selected a platform to earn your Filecoin, transfer your Filecoin into your wallet on the earning 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. Generate Earnings

   Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more APY you can earn. Try to make sure your earning platform pays compounding APY to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky