How to Lend Terra (LUNA) in Portugal

Introduction

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

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

   Plataforma	Moeda	Price in Portugal
   YouHodler	Terra (LUNA)	0.15
   Binance	Terra (LUNA)	0.15
   BTSE	Terra (LUNA)	0.15
   Kraken	Terra (LUNA)	0.16
   OKX	Terra (LUNA)	0.16
   BingX	Terra (LUNA)	0.15

   View all 39 prices

2. 2. Select a Terra Lender in Portugal

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

   Plataforma	Moeda	APY
   Bitget	Terra (LUNA)	Up to 6.5% APY in Portugal
   Gemini	Terra (LUNA)	Up to 0.01% APY in Portugal
   Kucoin	Terra (LUNA)	Up to 5% APY in Portugal

   Explore all 5 lending rates available in Portugal

3. 3. Lend Your Terra in Portugal

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