Where and How to Lend Fantom (FTM)

Introduction

Lending Fantom can be a great option for those who wish to hold FTM but earn interest. The steps can be a bit intimidating, especially the first time you attempt them. That's why we have compiled this guide for you.

Step-by-Step Guide

1. 1. Acquire Fantom (FTM) Tokens

   To lend Fantom, you need to have it. To obtain Fantom, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Fantom (FTM)	0.71
   Bitpanda	Fantom (FTM)	0.71
   Uphold	Fantom (FTM)	0.71
   PrimeXBT	Fantom (FTM)	0.71
   Kraken	Fantom (FTM)	0.71
   OKX	Fantom (FTM)	0.71

   See all 28 prices

2. 2. Select a Fantom Lender

   Once you have FTM, you’ll need to choose a Fantom lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Nexo	Fantom (FTM)	Up to 7.00 APY
   YouHodler	Fantom (FTM)	Up to 30.00 APY
   Nebeus	Fantom (FTM)	Up to 10.50 APY

   See all 6 lending rates

3. 3. Lend Your Fantom

   After you have selected a platform for lending your Fantom, transfer your Fantom into your wallet on the lending platform. Once it is deposited, it will begin earning interest. Some platforms pay interest on a daily basis, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you have to do is relax while your crypto earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure that you do your research before depositing your crypto. Don’t lend more than you’re prepared to lose. Verify their lending practices, reviews, and how they secure your cryptocurrency.