How to Lend FTT Token (FTT)

Introduction

Lending FTT Token can be an excellent choice for those looking to hold FTT while earning some returns. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire FTT Token (FTT) Tokens

   To lend FTT Token, you first need to possess it. To acquire FTT Token, you will have to buy it. You can select from these popular exchanges available in Uganda.

   E-platform	Coin	Cost
   Binance	FTT Token (FTT)	0.85 APY
   Azbit	FTT Token (FTT)	0.85 APY
   CoinEx	FTT Token (FTT)	0.85 APY
   Gate.io	FTT Token (FTT)	0.85 APY
   HTX	FTT Token (FTT)	0.85 APY
   Kucoin	FTT Token (FTT)	0.85 APY

   See all 15 prices in Uganda

2. 2. Select a FTT Token Lender

   Once you have FTT, you'll need to select a FTT Token lending platform to lend your tokens. You can explore some options here.

   E-platform	Coin	APY
   Kucoin	FTT Token (FTT)	Up to 0.5% APY

3. 3. Lend Your FTT Token

   Once you've selected a platform to lend your FTT Token, transfer your FTT Token into your wallet on the lending platform. After it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Grow Your Savings

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximise your earnings.

What to Keep in Mind

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.