How to Lend Fantom (FTM) in Vietnam

Introduction

Lending Fantom is an excellent choice for those looking to hold FTM while earning yield. The process may seem intimidating at first, which is why we've created this guide to help you navigate it.

Comprehensive Guide

1. 1. Acquire Fantom (FTM) Tokens

   To lend Fantom, you must first own it. To acquire Fantom, you will need to buy it. You can select from these well-known exchanges.

   Platform	Coin	Cost
   Nexo	Fantom (FTM)	0.47
   PrimeXBT	Fantom (FTM)	0.68
   YouHodler	Fantom (FTM)	0.7
   Uphold	Fantom (FTM)	0.68
   Kraken	Fantom (FTM)	0.57
   OKX	Fantom (FTM)	0.69

   View all 43 prices

2. 2. Select a Fantom Lender

   Once you have FTM, you'll need to select a Fantom lending platform to lend your tokens. You can find some options listed here.

   Platform	Coin	Interest rate
   Nexo	Fantom (FTM)	Earn up to 7% APY
   Nebeus	Fantom (FTM)	Earn up to 13% APY
   YouHodler	Fantom (FTM)	Earn up to 30% APY

   View all 6 loan rates

3. 3. Lend Your Fantom

   After selecting a platform to lend your Fantom, transfer your Fantom into your wallet on that platform. Once deposited, it will begin to earn interest. 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 crypto accumulates interest. The more you deposit, the greater your potential earnings. Ensure that your lending platform offers compounding interest to maximize your returns.

Things to Consider

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing. Only lend what you can afford to lose. Review their lending practices, read user reviews, and understand how they secure your cryptocurrency.