Cómo prestar Algorand (ALGO)

Introduction

Lending Algorand can be an excellent choice for those looking to hold ALGO 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 Algorand (ALGO) Tokens

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

   Plataforma	Cripto	Price
   Nexo	Algorand (ALGO)	0,11 APY
   PrimeXBT	Algorand (ALGO)	0,11 APY
   Binance	Algorand (ALGO)	0,11 APY
   BTSE	Algorand (ALGO)	0,11 APY
   Coinbase	Algorand (ALGO)	0,11 APY
   OKX	Algorand (ALGO)	0,24 APY

   Consulta todos los 52 precios

2. 2. Select a Algorand Lender

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

   Plataforma	Cripto	APY
   Nebeus	Algorand (ALGO)	Hasta 4,5% APY
   Blockchain.com	Algorand (ALGO)	Hasta 1% APY

3. 3. Lend Your Algorand

   Once you've selected a platform to lend your Algorand, transfer your Algorand into your wallet on the lending platform. Once it's deposited, it will begin to earn 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 lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky