How to Lend Fantom (FTM) in Portugal

Introduction

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

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

   Plataforma	Moeda	Price in Portugal
   Nexo	Fantom (FTM)	0,47
   PrimeXBT	Fantom (FTM)	0,68
   YouHodler	Fantom (FTM)	0,7
   Binance	Fantom (FTM)	0,7
   BTSE	Fantom (FTM)	0,64
   Coinbase	Fantom (FTM)	1

   View all 43 prices

2. 2. Select a Fantom Lender in Portugal

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

   Plataforma	Moeda	APY
   Nexo	Fantom (FTM)	Up to 7% APY in Portugal
   Nebeus	Fantom (FTM)	Up to 13% APY in Portugal
   YouHodler	Fantom (FTM)	Up to 30% APY in Portugal

   Explore all 6 lending rates available in Portugal

3. 3. Lend Your Fantom in Portugal

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