How to Lend Decentraland (MANA) in Portugal: A Step-by-Step Guide

Introduction

Lending Decentraland can be an excellent choice for those looking to hold MANA 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. Acquire Decentraland (MANA) Tokens in Portugal

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

Plataforma	Moeda	Price in Portugal
Nexo	Decentraland (MANA)	0,12
PrimeXBT	Decentraland (MANA)	0,12
YouHodler	Decentraland (MANA)	0,12
Binance	Decentraland (MANA)	0,12
BTSE	Decentraland (MANA)	0,12
OKX	Decentraland (MANA)	0,23

View all 51 prices

2. Select a Decentraland Lender in Portugal
Once you have MANA, you'll need to select a Decentraland lending platform to lend your tokens. You can explore some options tailored for the Portuguese market here.
Plataforma Moeda APY
YouHodler Decentraland (MANA) Up to 12% APY in Portugal
Gemini Decentraland (MANA) Up to 0,01% APY in Portugal
Explore all 4 lending rates available in Portugal
3. Lend Your Decentraland in Portugal
Once you've selected a platform to lend your Decentraland, transfer your Decentraland 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. 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.