How to Lend TrueUSD (TUSD) in Portugal

Introduction

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

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

   Plataforma	Moeda	Price in Portugal
   YouHodler	TrueUSD (TUSD)	1
   Binance	TrueUSD (TUSD)	1
   Kraken	TrueUSD (TUSD)	0,99
   Uphold	TrueUSD (TUSD)	1
   Azbit	TrueUSD (TUSD)	1

   View all 35 prices

2. 2. Select a TrueUSD Lender in Portugal

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

   Plataforma	Moeda	APY
   Nexo	TrueUSD (TUSD)	Up to 14% APY in Portugal
   YouHodler	TrueUSD (TUSD)	Up to 20% APY in Portugal
   Bitget	TrueUSD (TUSD)	Up to 9% APY in Portugal
   CEX.io	TrueUSD (TUSD)	Up to 4% APY in Portugal
   Kucoin	TrueUSD (TUSD)	Up to 0,5% APY in Portugal

   Explore all 8 lending rates available in Portugal

3. 3. Lend Your TrueUSD in Portugal

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