How to Lend Sonic (prev. FTM) (S) in Portugal

Introduction

Lending Sonic (prev. FTM) can be an excellent choice for those looking to hold S 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 Sonic (prev. FTM) (S) Tokens in Portugal

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

   Plataforma	Moeda	Price in Portugal
   Nexo	Sonic (prev. FTM) (S)	0,09
   PrimeXBT	Sonic (prev. FTM) (S)	0,09
   YouHodler	Sonic (prev. FTM) (S)	0,09
   Binance	Sonic (prev. FTM) (S)	0,09
   Coinbase	Sonic (prev. FTM) (S)	0,09
   Kraken	Sonic (prev. FTM) (S)	0,09

   View all 41 prices

2. 2. Select a Sonic (prev. FTM) Lender in Portugal

   Once you have S, you'll need to select a Sonic (prev. FTM) lending platform to lend your tokens. You can explore some options tailored for the Portuguese market here.

   Plataforma	Moeda	APY
   YouHodler	Sonic (prev. FTM) (S)	Up to 30% APY in Portugal
   Kucoin	Sonic (prev. FTM) (S)	Up to 4,5% APY in Portugal

3. 3. Lend Your Sonic (prev. FTM) in Portugal

   Once you've selected a platform to lend your Sonic (prev. FTM), transfer your Sonic (prev. FTM) 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