Where and How to Earn Fantom (FTM)

Introduction to the world of cryptocurrency can be both exciting and daunting

Lending Fantom can be an excellent choice for those looking to hold FTM while earning yield. The process may seem a bit intimidating, particularly for first-timers. That's why we've created this guide to help you navigate through it.

Step-by-Step Guide 1

1. 1. Acquire Fantom (FTM) Tokens

   To lend Fantom, you must first possess it. To acquire Fantom, you'll need to purchase it. You can select from these well-known exchanges.

   Platform	Coin	Price
   Nexo	Fantom (FTM)	0,47
   PrimeXBT	Fantom (FTM)	0,68
   YouHodler	Fantom (FTM)	0,7
   Binance	Fantom (FTM)	0,7
   BTSE	Fantom (FTM)	0,64
   Coinbase	Fantom (FTM)	1

   See all 43 prices

2. 2. Select a Fantom Lender

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

   Platform	Coin	Interest rate
   Nexo	Fantom (FTM)	Up to 7% APY
   Nebeus	Fantom (FTM)	Up to 13% APY
   YouHodler	Fantom (FTM)	Up to 30% APY

   See all 6 lending rates

3. 3. Earn Fantom with competitive rates that allow you to maximize your investments

   Once you've selected a platform to earn your Fantom, transfer your Fantom into your wallet on the earning platform. Once it's deposited, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Ensure that your earning platform offers compounding APY to maximise your returns.

What to be Aware of

Lending your cryptocurrency can involve risks. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.