How to Lend Ethereum Classic (ETC) in Portugal

Introduction

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

   To lend Ethereum Classic in Portugal, you first need to possess it. To acquire Ethereum Classic, 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 Classic (ETC)	11,71
   PrimeXBT	Ethereum Classic (ETC)	11,7
   Binance	Ethereum Classic (ETC)	11,71
   Coinbase	Ethereum Classic (ETC)	11,71
   Kraken	Ethereum Classic (ETC)	11,71
   OKX	Ethereum Classic (ETC)	20,9

   View all 54 prices

2. 2. Select a Ethereum Classic Lender in Portugal

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

   Plataforma	Moeda	APY
   Blockchain.com	Ethereum Classic (ETC)	Up to 1% APY in Portugal
   Kucoin	Ethereum Classic (ETC)	Up to 0,19% APY in Portugal

   Explore all 4 lending rates available in Portugal

3. 3. Lend Your Ethereum Classic in Portugal

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