Where and How to Earn Filecoin (FIL)

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

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

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

   Platform	Coin	Price
   PrimeXBT	Filecoin (FIL)	1,46
   YouHodler	Filecoin (FIL)	1,46
   Binance	Filecoin (FIL)	1,46
   BTSE	Filecoin (FIL)	1,47
   OKX	Filecoin (FIL)	1,46
   Uphold	Filecoin (FIL)	2,66

   See all 46 prices

2. 2. Select a Filecoin Lender

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

   Platform	Coin	Interest rate
   YouHodler	Filecoin (FIL)	Up to 12% APY
   Bitget	Filecoin (FIL)	Up to 4,2% APY
   Gemini	Filecoin (FIL)	Up to 0,01% APY

   See all 5 lending rates

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

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