Where and How to Earn Fantom (FTM)

Introduction

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

Step-by-Step Guide

1. 1. Acquire Fantom (FTM) Tokens

   To lend Fantom, you must first acquire it. To obtain Fantom, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.

   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. Choose 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

   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 earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest

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

What to be Aware of

Lending your cryptocurrency can be risky. 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 have in place to secure your cryptocurrency.