Where and How to Earn Cardano (ADA)

Introduction

Lending Cardano can be an excellent choice for those looking to hold ADA while generating yield. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Navigating Cryptocurrency in Portugal 1

1. 1. Acquire Cardano (ADA) Tokens in Portugal

   To lend Cardano in Portugal, you first need to possess it. To acquire Cardano, you will need to purchase it. You can select from these popular exchanges available in the Portuguese market.

   Plataforma	Moeda	Price in Portugal
   Nexo	Cardano (ADA)	0,4
   PrimeXBT	Cardano (ADA)	0,4
   YouHodler	Cardano (ADA)	0,4
   Binance	Cardano (ADA)	0,4
   BTSE	Cardano (ADA)	0,4
   Coinbase	Cardano (ADA)	0,4

   View all 73 prices

2. 2. Select a Cardano Lender in Portugal

   Once you have ADA, you'll need to select a Cardano lending platform to lend your tokens. You can explore some options tailored for the Portuguese market here.

   Plataforma	Moeda	APY
   Nexo	Cardano (ADA)	Up to 8% APY in Portugal
   YouHodler	Cardano (ADA)	Up to 12% APY in Portugal
   Bitget	Cardano (ADA)	Up to 1,8% APY in Portugal
   Blockchain.com	Cardano (ADA)	Up to 1% APY in Portugal

   Explore all 12 lending rates available in Portugal

3. 3. Earn Cardano in Portugal

   Once you've selected a platform to earn your Cardano, transfer your Cardano into your wallet on the earning platform. Once it's deposited, 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 interest. The more you deposit, the greater your potential earnings. Ensure that your chosen platform offers compounding interest to maximise your returns in the Portuguese market.

What to Consider in Portugal

Lending your cryptocurrency can carry certain risks