Introduction

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

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

   Plataforma	Cripto	Price
   Currency.com	BABA (BABA)	132,8 APY

2. 2. Select a BABA Lender

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

3. 3. Lend Your BABA

   Once you've selected a platform to lend your BABA, transfer your BABA 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