How to Lend Cosmos Hub (ATOM) in Portugal

Introduction

Lending Cosmos Hub can be an excellent choice for those looking to hold ATOM 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 Cosmos Hub (ATOM) Tokens in Portugal

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

   Plataforma	Moeda	Price in Portugal
   Nexo	Cosmos Hub (ATOM)	2,44
   PrimeXBT	Cosmos Hub (ATOM)	2,44
   YouHodler	Cosmos Hub (ATOM)	2,44
   Binance	Cosmos Hub (ATOM)	2,44
   BTSE	Cosmos Hub (ATOM)	2,45
   Coinbase	Cosmos Hub (ATOM)	2,44

   View all 69 prices

2. 2. Select a Cosmos Hub Lender in Portugal

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

   Plataforma	Moeda	APY
   Nexo	Cosmos Hub (ATOM)	Up to 11% APY in Portugal
   YouHodler	Cosmos Hub (ATOM)	Up to 16% APY in Portugal
   Bitget	Cosmos Hub (ATOM)	Up to 9% APY in Portugal
   Coinbase	Cosmos Hub (ATOM)	Up to 14,04% APY in Portugal

   Explore all 11 lending rates available in Portugal

3. 3. Lend Your Cosmos Hub in Portugal

   Once you've selected a platform to lend your Cosmos Hub, transfer your Cosmos Hub 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