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

Introduction

Lending Fantom can be a great option for those who want to hold FTM but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Fantom (FTM) Tokens
In order to lend Fantom, you need to have it. To obtain Fantom, you’ll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Fantom (FTM) 0.68
Bitpanda Fantom (FTM) 0.71
Uphold Fantom (FTM) 0.71
PrimeXBT Fantom (FTM) 0.71
Kraken Fantom (FTM) 0.7
OKX Fantom (FTM) 0.71
See all 28 prices
2. Choose a Fantom Lender
Once you have FTM, you’ll need to choose a Fantom lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Nexo Fantom (FTM) Up to 7 APY
YouHodler Fantom (FTM) Up to 30 APY
Nebeus Fantom (FTM) Up to 10.5 APY
See all 6 lending rates
3. Lend Your Fantom
Once you’ve chosen a platform to lending your Fantom, transfer your Fantom into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

Platform	Coin	Price
Nexo	Fantom (FTM)	0.68
Bitpanda	Fantom (FTM)	0.71
Uphold	Fantom (FTM)	0.71
PrimeXBT	Fantom (FTM)	0.71
Kraken	Fantom (FTM)	0.7
OKX	Fantom (FTM)	0.71

Platform	Coin	Interest rate
Nexo	Fantom (FTM)	Up to 7 APY
YouHodler	Fantom (FTM)	Up to 30 APY
Nebeus	Fantom (FTM)	Up to 10.5 APY

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.

Latest Movements

Fantom (FTM) is currently priced at $0.01 with a 24-hour trading volume of $533.44M. The market cap of Fantom stands at $2B, with $2.8B FTM in circulation. For those looking to buy or trade Fantom, Nexo offers avenues to do so securely and efficiently}

Market cap: $2B
24h volume: $533.44M
Circulating supply: $2.8B

See latest information

Frequently Asked Questions About Lending Fantom (FTM)

What are the current lending rates for Fantom (FTM) on Bitcompare?: Fantom lending rates can vary significantly based on market conditions. Use Bitcompare's real-time price comparison tools to check the latest rates. This will help ensure you're looking at accurate and updated figures. Constantly monitoring these rates empowers you to make informed decisions. Don't forget to bookmark the page for quick access to updates.
How often do Fantom (FTM) lending rates change?: Fantom lending rates can change frequently due to market volatility and demand-supply dynamics. It's essential to stay informed about these changes. Bitcompare provides tools like real-time price comparisons and email alerts to help you keep up with shifts in lending rates. Regular visits and page bookmarks can assist in maintaining a clear picture of the current market landscape.
Can I get historical data on Fantom (FTM) lending rates?: Yes, Bitcompare offers access to historical data on Fantom lending rates, allowing you to analyze trends over time. Utilizing this information, you can better understand market patterns and make knowledgeable decisions. By staying updated with these trends through Bitcompare's tools, you position yourself advantageously in the fast-paced cryptocurrency market.
Why do Fantom (FTM) lending rates differ between platforms?: Differences in lending rates across platforms are due to multiple factors like liquidity, demand, and platform-specific fees. Bitcompare offers sentiment analysis and the latest Fantom news to help you understand market movements. Ensure you regularly check Bitcompare to leverage these insights, aiding you in making well-informed lending decisions.
How can I receive alerts on changes in Fantom (FTM) lending rates?: Bitcompare offers email alerts for changes in Fantom lending rates. By subscribing, you receive timely updates, enhancing your ability to respond to market shifts effectively. These alerts complement other tools like sentiment analysis and news updates, ensuring you're always aware of the latest developments in the cryptocurrency landscape.
What tools does Bitcompare offer to monitor Fantom (FTM) lending rates?: Bitcompare provides a variety of tools including real-time price comparisons, email alerts, sentiment analysis, and Fantom news updates. These resources are essential for keeping track of lending rates and market trends. Consistently using these tools can help you make informed decisions in the dynamic crypto market, so visit regularly and bookmark the page.