How to Lend Wrapped Bitcoin (WBTC) in Portugal: A Step-by-Step Guide

Introduction

Lending Wrapped Bitcoin can be an excellent choice for those looking to hold WBTC 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. Acquire Wrapped Bitcoin (WBTC) Tokens in Portugal

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

Plataforma	Moeda	Price in Portugal
Binance	Wrapped Bitcoin (WBTC)	90 123,06
Kraken	Wrapped Bitcoin (WBTC)	90 201,6
OKX	Wrapped Bitcoin (WBTC)	114 676,9
BingX	Wrapped Bitcoin (WBTC)	90 135,74
Bitget	Wrapped Bitcoin (WBTC)	90 026
Bitmart	Wrapped Bitcoin (WBTC)	90 119,08

View all 20 prices

2. Select a Wrapped Bitcoin Lender in Portugal

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

Plataforma	Moeda	APY
Aave	Wrapped Bitcoin (WBTC)	Up to 0,24% APY in Portugal
Bitget	Wrapped Bitcoin (WBTC)	Up to 1,3% APY in Portugal
Compound	Wrapped Bitcoin (WBTC)	Up to 0,000017% APY in Portugal
Klink	Wrapped Bitcoin (WBTC)	Up to 4% APY in Portugal

Explore all 15 lending rates available in Portugal

3. Lend Your Wrapped Bitcoin in Portugal
Once you've selected a platform to lend your Wrapped Bitcoin, transfer your Wrapped Bitcoin 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. 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.