How to Lend iExec RLC (RLC) in Portugal

Introduction

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

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

   Plataforma	Moeda	Price in Portugal
   Binance	iExec RLC (RLC)	1.04
   Coinbase	iExec RLC (RLC)	1.04
   Kraken	iExec RLC (RLC)	1.05
   BingX	iExec RLC (RLC)	2.07
   Bitget	iExec RLC (RLC)	1.04
   Bitmart	iExec RLC (RLC)	0.84

   View all 32 prices

2. 2. Select a iExec RLC Lender in Portugal

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

   Plataforma	Moeda	APY
   Kucoin	iExec RLC (RLC)	Up to 0.5% APY in Portugal

3. 3. Lend Your iExec RLC in Portugal

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