Introduction

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

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

   Plataforma	Moeda	Price in Portugal
   Binance	ICON (ICX)	0,05
   OKX	ICON (ICX)	0,11
   Uphold	ICON (ICX)	0,11
   BingX	ICON (ICX)	0,05
   Bitget	ICON (ICX)	0,05
   Bitpanda	ICON (ICX)	0,21

   View all 27 prices

2. 2. Select a ICON Lender in Portugal

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

3. 3. Lend Your ICON in Portugal

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