Where and How to Earn Toncoin (TON)

Introduction

Lending Toncoin can be an excellent choice for those looking to hold TON 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 Toncoin (TON) Tokens

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

   Platform	Coin	Price
   PrimeXBT	Toncoin (TON)	1.75
   EarnPark	Toncoin (TON)	1.75
   YouHodler	Toncoin (TON)	1.75
   Binance	Toncoin (TON)	1.75
   BTSE	Toncoin (TON)	1.75
   Coinbase	Toncoin (TON)	1.75

   See all 65 prices

2. 2. Choose a Toncoin Lender

   Once you have TON, you'll need to select a Toncoin lending platform to lend your tokens. You can explore some options here.

   Platform	Coin	Interest rate
   EarnPark	Toncoin (TON)	Up to 5% APY
   YouHodler	Toncoin (TON)	Up to 20% APY
   Blockchain.com	Toncoin (TON)	Up to 4% APY
   Coinbase	Toncoin (TON)	Up to 4.74% APY

   See all 12 lending rates

3. 3. Earn Toncoin

   Once you've selected a platform to earn your Toncoin, transfer your Toncoin 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.