How to Lend Ethereum (ETH) in Portugal

Introduction

Lending Ethereum can be an excellent choice for those looking to hold ETH 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 Ethereum (ETH) Tokens in Portugal

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

   Plataforma	Moeda	Price in Portugal
   Nexo	Ethereum (ETH)	3 278,45
   PrimeXBT	Ethereum (ETH)	3 277,47
   EarnPark	Ethereum (ETH)	3 270,66
   YouHodler	Ethereum (ETH)	3 276,7
   Binance	Ethereum (ETH)	3 278,45
   BTSE	Ethereum (ETH)	3 275,86

   View all 82 prices

2. 2. Select a Ethereum Lender in Portugal

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

   Plataforma	Moeda	APY
   Nexo	Ethereum (ETH)	Up to 8% APY in Portugal
   Nebeus	Ethereum (ETH)	Up to 4,5% APY in Portugal
   EarnPark	Ethereum (ETH)	Up to 5% APY in Portugal
   YouHodler	Ethereum (ETH)	Up to 12% APY in Portugal
   Aave	Ethereum (ETH)	Up to 0,42% APY in Portugal
   AQRU	Ethereum (ETH)	Up to 3% APY in Portugal

   Explore all 30 lending rates available in Portugal

3. 3. Lend Your Ethereum in Portugal

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