How to Lend MANTRA (OM) in Portugal

Introduction

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

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

   Plataforma	Moeda	Price in Portugal
   PrimeXBT	MANTRA (OM)	0,08
   YouHodler	MANTRA (OM)	0,08
   Binance	MANTRA (OM)	0,08
   BTSE	MANTRA (OM)	0,16
   Kraken	MANTRA (OM)	0,08
   OKX	MANTRA (OM)	6,89

   View all 44 prices

2. 2. Select a MANTRA Lender in Portugal

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

   Plataforma	Moeda	APY
   YouHodler	MANTRA (OM)	Up to 30% APY in Portugal
   Kucoin	MANTRA (OM)	Up to 0,5% APY in Portugal

3. 3. Lend Your MANTRA in Portugal

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