How to Lend Portal (PORTAL)

Introduction

Lending Portal can be an excellent choice for those looking to hold PORTAL 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 Portal (PORTAL) Tokens

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

   E-platform	Coin	Cost
   PrimeXBT	Portal (PORTAL)	0.02 APY
   Binance	Portal (PORTAL)	0.02 APY
   BTSE	Portal (PORTAL)	0.02 APY
   Kraken	Portal (PORTAL)	0.02 APY
   Azbit	Portal (PORTAL)	0.02 APY
   BingX	Portal (PORTAL)	0.02 APY

   See all 39 prices in Uganda

2. 2. Select a Portal Lender

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

   E-platform	Coin	APY
   Bitget	Portal (PORTAL)	Up to 0.8% APY
   Kucoin	Portal (PORTAL)	Up to 0.5% APY

3. 3. Lend Your Portal

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