Introduction

Lending FYDcoin can be an excellent choice for those looking to hold FYD 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 FYDcoin (FYD) Tokens

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

2. 2. Select a FYDcoin Lender

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

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

   Once you've selected a platform to earn your FYDcoin, transfer your FYDcoin 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