How to Lend Fantom (FTM)

Introduction

Lending Fantom can be an excellent choice for those looking to hold FTM while generating APY. The process may seem a bit overwhelming, particularly if it's your first time navigating it. That's why we've created this guide to assist you.

Step-by-Step Guide for South Korea's Financial Landscape 1

1. 1. Acquire Fantom (FTM) Tokens

   To lend Fantom, you first need to possess it. To acquire Fantom, you'll have to buy it. You can select from these well-known exchanges available in South Korea.

   플랫폼	코인	Price
   Nexo	Fantom (FTM)	0.47 APY
   PrimeXBT	Fantom (FTM)	0.68 APY
   YouHodler	Fantom (FTM)	0.7 APY
   Binance	Fantom (FTM)	0.7 APY
   BTSE	Fantom (FTM)	0.64 APY
   Coinbase	Fantom (FTM)	1 APY

   Check out all 43 prices

2. 2. Select a Fantom lending provider

   Once you have FTM, you'll need to select a Fantom lending platform to lend your tokens. You can explore various options available in the South Korean market here.

   플랫폼	코인	APY
   Nexo	Fantom (FTM)	Up to 7% APY
   Nebeus	Fantom (FTM)	Up to 13% APY
   YouHodler	Fantom (FTM)	Up to 30% APY

   Check out all 6 lending APY rates

3. 3. Lend Your Fantom in South Korea

   Once you've selected a platform to lend your Fantom, transfer your Fantom into your wallet on the lending platform. After the deposit is made, it will begin to accrue APY. Some platforms offer daily interest payouts, while others may provide them weekly or monthly.

4. 4. Earn APY on your cryptocurrency holdings with competitive rates from top providers in South Korea

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Be sure to choose a lending platform that offers compounding interest to maximize your earnings.

What to Keep in Mind

Lending your cryptocurrency can involve significant risks