How to Earn Loom (LOOM): A Step-by-Step Guide for Spain

Introduction

Lending Loom can be an excellent choice for those looking to hold LOOM 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. Acquire Loom (LOOM) Tokens
To lend Loom, you first need to possess it. To acquire Loom, you'll have to buy it. You can select from these popular exchanges available in Spain.
Plataforma Cripto Price
Coinbase Loom (LOOM) 0,08 APY
Kucoin Loom (LOOM) 0,01 APY
LBank Loom (LOOM) 0,000421 APY
Consulta todos los 4 precios
2. Select a Loom Lender
Once you have LOOM, you'll need to select a Loom lending platform to lend your tokens. You can explore some options here.
Plataforma Cripto APY
Kucoin Loom (LOOM) Hasta 0,3% APY
3. Earn Loom with competitive APY rates that can help you grow your investment
Once you've selected a platform to earn your Loom, transfer your Loom 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. 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.