How to Lend Fantom (FTM) in Russia: A Step-by-Step Guide

Introduction

Lending Fantom can be an excellent choice for those in Russia who wish to hold FTM while generating yield. The process may seem overwhelming, particularly for first-time users. To simplify things, we've created this comprehensive guide tailored for the Russian market.

Step-by-Step Guide

1. Acquire Fantom (FTM) Tokens in Russia
To lend Fantom in Russia, you first need to acquire it. To obtain Fantom, you will need to purchase it from one of the popular cryptocurrency exchanges available in the region.
Platform Coin Cost
Nexo Fantom (FTM) 0.47
PrimeXBT Fantom (FTM) 0.68
YouHodler Fantom (FTM) 0.7
Binance Fantom (FTM) 0.7
BTSE Fantom (FTM) 0.64
Coinbase Fantom (FTM) 1
View all 43 rates
2. Select a Fantom Lender in Russia
Once you have FTM, you'll need to choose a Fantom lending platform to lend your tokens in Russia. You can explore some options available in the Russian market here.
Platform Coin APY
Nexo Fantom (FTM) Up to 7% APY in Russia
Nebeus Fantom (FTM) Up to 13% APY in Russia
YouHodler Fantom (FTM) Up to 30% APY in Russia
Explore all 6 lending rates available in Russia
3. Lend Your Fantom in Russia
Once you've selected a platform to lend your Fantom, transfer your Fantom into your wallet on the lending platform. After the deposit is made, it will begin to accrue interest. Some platforms offer interest payments daily, while others may pay out weekly or monthly, catering to the preferences of Russian investors.
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 maximize your returns in the Russian market.