Introduction

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

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

   Plataforma	Moeda	Price in Portugal
   YouHodler	Stox (STX)	0,26
   Binance	Stox (STX)	0,26
   Coinbase	Stox (STX)	0,26
   Kraken	Stox (STX)	0,26
   OKX	Stox (STX)	0,65
   Bake	Stox (STX)	0,26

   View all 32 prices

2. 2. Select a Stox Lender in Portugal

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

   Plataforma	Moeda	APY
   Kucoin	Stox (STX)	Up to 0,2% APY in Portugal

3. 3. Lend Your Stox in Portugal

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