Earn as much as
12% APY on your investments.
A comprehensive guide on how to earn Filecoin (FIL) in Nigeria.
We have extensive data on earning Filecoin (FIL), and we're excited to share some of this valuable information with you.
We present you with various earning opportunities using other cryptocurrencies that may catch your interest.
Filecoin (FIL) is currently priced at US$4.2 with a 24-hour trading volume of US$292.89M. The market cap of Filecoin stands at US$3.14B, with 620.26M FIL in circulation. For those looking to buy or trade Filecoin, YouHodler offers avenues to do so securely and efficiently}
Lending Filecoin can be an excellent choice for those looking to hold FIL 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.
To lend Filecoin, you must first acquire it. To obtain Filecoin, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.
| 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 |
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 |
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 earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
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.
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.
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