How to Lend Bitcoin Cash (BCH) in Portugal

Introduction

Lending Bitcoin Cash can be an excellent choice for those looking to hold BCH 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 Bitcoin Cash (BCH) Tokens in Portugal

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

   Plataforma	Moeda	Price in Portugal
   Nexo	Bitcoin Cash (BCH)	636,74
   PrimeXBT	Bitcoin Cash (BCH)	634,71
   EarnPark	Bitcoin Cash (BCH)	631
   YouHodler	Bitcoin Cash (BCH)	634,81
   Binance	Bitcoin Cash (BCH)	635,1
   OKX	Bitcoin Cash (BCH)	631

   View all 57 prices

2. 2. Select a Bitcoin Cash Lender in Portugal

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

   Plataforma	Moeda	APY
   Nexo	Bitcoin Cash (BCH)	Up to 11% APY in Portugal
   Nebeus	Bitcoin Cash (BCH)	Up to 4,5% APY in Portugal
   EarnPark	Bitcoin Cash (BCH)	Up to 5% APY in Portugal
   YouHodler	Bitcoin Cash (BCH)	Up to 12% APY in Portugal
   Blockchain.com	Bitcoin Cash (BCH)	Up to 2% APY in Portugal

   Explore all 14 lending rates available in Portugal

3. 3. Lend Your Bitcoin Cash in Portugal

   Once you've selected a platform to lend your Bitcoin Cash, transfer your Bitcoin Cash into your wallet on the lending platform. After it's deposited, it will begin to accrue interest. Some platforms offer interest payments daily, while others may 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 more interest you can accumulate. Ensure that your lending platform offers compounding interest to maximise your returns in the Portuguese market.

What to Consider in Portugal

Lending your cryptocurrency can carry certain risks