How to Lend Nimiq (NIM) in Portugal

Introduction

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

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

   Plataforma	Moeda	Price in Portugal
   CoinEx	Nimiq (NIM)	0,0006349
   Gate.io	Nimiq (NIM)	0,0006344
   HTX	Nimiq (NIM)	0
   MEXC Global	Nimiq (NIM)	0,000636

   View all 8 prices

2. 2. Select a Nimiq Lender in Portugal

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

   Plataforma	Moeda	APY
   Kucoin	Nimiq (NIM)	Up to 16% APY in Portugal

3. 3. Lend Your Nimiq in Portugal

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