How to Lend Raydium (RAY) in Portugal

Introduction

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

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

   Plataforma	Moeda	Price in Portugal
   YouHodler	Raydium (RAY)	3,26
   Uphold	Raydium (RAY)	2,39
   Kraken	Raydium (RAY)	3,26
   OKX	Raydium (RAY)	3,27
   Binance	Raydium (RAY)	3,26
   Azbit	Raydium (RAY)	3,26

   View all 45 prices

2. 2. Select a Raydium Lender in Portugal

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

   Plataforma	Moeda	APY
   YouHodler	Raydium (RAY)	Up to 16% APY in Portugal
   Bitget	Raydium (RAY)	Up to 2,6% APY in Portugal
   Kucoin	Raydium (RAY)	Up to 0,5% APY in Portugal

   Explore all 5 lending rates available in Portugal

3. 3. Lend Your Raydium in Portugal

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