How to Lend Rocket Pool (RPL) in Portugal

Introduction

Lending Rocket Pool can be an excellent choice for those looking to hold RPL 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 Rocket Pool (RPL) Tokens in Portugal

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

   Plataforma	Moeda	Price in Portugal
   Uphold	Rocket Pool (RPL)	6,13
   Kraken	Rocket Pool (RPL)	6,42
   OKX	Rocket Pool (RPL)	5,31
   Binance	Rocket Pool (RPL)	6,44
   Coinbase	Rocket Pool (RPL)	6,44
   Azbit	Rocket Pool (RPL)	6,44

   View all 46 prices

2. 2. Select a Rocket Pool Lender in Portugal

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

   Plataforma	Moeda	APY
   Aave	Rocket Pool (RPL)	Up to 2,99% APY in Portugal
   Kucoin	Rocket Pool (RPL)	Up to 0,5% APY in Portugal

   Explore all 4 lending rates available in Portugal

3. 3. Lend Your Rocket Pool in Portugal

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