How to Lend Fasttoken (FTN)

Introduction

Lending Fasttoken can be an excellent choice for those looking to hold FTN 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 Fasttoken (FTN) Tokens

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

   Platform	Mint	Cost
   BingX	Fasttoken (FTN)	0,42
   Bitget	Fasttoken (FTN)	4,52
   Bitmart	Fasttoken (FTN)	1,68
   Bybit	Fasttoken (FTN)	4,46
   Gate.io	Fasttoken (FTN)	0,33
   MEXC Global	Fasttoken (FTN)	1,1

   View all 13 prices

2. 2. Select a Fasttoken Lender

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

   Platform	Mint	APY
   Bitget	Fasttoken (FTN)	Up to 1% APY

3. 3. Lend Your Fasttoken

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