How to Lend Toncoin (TON) in Portugal

Introduction

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

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

   Plataforma	Moeda	Price in Portugal
   PrimeXBT	Toncoin (TON)	1,85
   EarnPark	Toncoin (TON)	1,86
   YouHodler	Toncoin (TON)	1,85
   Binance	Toncoin (TON)	1,85
   BTSE	Toncoin (TON)	1,85
   Coinbase	Toncoin (TON)	1,85

   View all 65 prices

2. 2. Select a Toncoin Lender in Portugal

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

   Plataforma	Moeda	APY
   EarnPark	Toncoin (TON)	Up to 5% APY in Portugal
   YouHodler	Toncoin (TON)	Up to 20% APY in Portugal
   Blockchain.com	Toncoin (TON)	Up to 4% APY in Portugal
   Coinbase	Toncoin (TON)	Up to 4,74% APY in Portugal

   Explore all 12 lending rates available in Portugal

3. 3. Lend Your Toncoin in Portugal

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