How to Lend Polygon (MATIC) in Portugal

Introduction

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

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

   Plataforma	Moeda	Price in Portugal
   Coinbase	Polygon (MATIC)	0.25
   Kraken	Polygon (MATIC)	0.23
   Luno	Polygon (MATIC)	0.6
   BingX	Polygon (MATIC)	0.37
   Bitfinex	Polygon (MATIC)	0.22

   View all 22 prices

2. 2. Select a Polygon Lender in Portugal

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

   Plataforma	Moeda	APY
   Nebeus	Polygon (MATIC)	Up to 13% APY in Portugal
   Coinbase	Polygon (MATIC)	Up to 2.91% APY in Portugal
   Gemini	Polygon (MATIC)	Up to 0.01% APY in Portugal
   Kucoin	Polygon (MATIC)	Up to 5% APY in Portugal

   Explore all 11 lending rates available in Portugal

3. 3. Lend Your Polygon in Portugal

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