How to Lend Sonic (prev. FTM) (S)

Introduction

Lending Sonic (prev. FTM) can be an excellent choice for those looking to hold S while generating a return. 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 for Italian Investors

1. 1. Acquire Sonic (prev. FTM) (S) Tokens

   To lend Sonic (prev. FTM), you must first possess it. To acquire Sonic (prev. FTM), you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Nexo	Sonic (prev. FTM) (S)	0,09 APY
   PrimeXBT	Sonic (prev. FTM) (S)	0,09 APY
   YouHodler	Sonic (prev. FTM) (S)	0,09 APY
   Binance	Sonic (prev. FTM) (S)	0,09 APY
   Coinbase	Sonic (prev. FTM) (S)	0,09 APY
   Kraken	Sonic (prev. FTM) (S)	0,09 APY

   Check out all 41 prices

2. 2. Select a Sonic (prev. FTM) Lender in Italy

   Once you have S, you'll need to select a Sonic (prev. FTM) lending platform to lend your tokens. You can explore some options here.

   Piattaforma	Criptovaluta	APY
   YouHodler	Sonic (prev. FTM) (S)	Up to 30% APY
   Kucoin	Sonic (prev. FTM) (S)	Up to 4,5% APY

3. 3. Lend Your Sonic (prev. FTM) in Italy

   Once you've selected a platform to lend your Sonic (prev. FTM), transfer your Sonic (prev. FTM) into your wallet on the lending platform. After the deposit is made, 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 relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximize your earnings.

What to Consider in Italy

Lending your cryptocurrency can involve significant risks