How to Lend Fantom (FTM)

Introduction

Lending Fantom can be an excellent choice for those looking to hold FTM while earning a return. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Fantom (FTM) Tokens

   To lend Fantom, you first need to possess it. To acquire Fantom, you'll need to buy it. You can select from these well-known exchanges.

   Platform	Mint	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 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 explore some options here.

   Platform	Mint	APY
   Nexo	Fantom (FTM)	Up to 7% APY
   Nebeus	Fantom (FTM)	Up to 13% APY
   YouHodler	Fantom (FTM)	Up to 30% APY

   View all 6 lending APYs

3. 3. Lend Your Fantom

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

4. 4. Earn Interest in South Africa

   Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.