How to Lend Bitcoin Cash (BCH) in Portugal: A Step-by-Step Guide

Introduction

Lending Bitcoin Cash can be an excellent choice for those looking to hold BCH while generating yield. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Navigating Cryptocurrency in Portugal 1

1. Acquire Bitcoin Cash (BCH) Tokens in Portugal

To lend Bitcoin Cash in Portugal, you first need to possess it. To acquire Bitcoin Cash, you will need to purchase it. You can select from these popular exchanges available in the Portuguese market.

Plataforma	Moeda	Price in Portugal
Nexo	Bitcoin Cash (BCH)	636,74
PrimeXBT	Bitcoin Cash (BCH)	634,71
EarnPark	Bitcoin Cash (BCH)	631
YouHodler	Bitcoin Cash (BCH)	634,81
Binance	Bitcoin Cash (BCH)	635,1
OKX	Bitcoin Cash (BCH)	631

View all 57 prices

2. Select a Bitcoin Cash Lender in Portugal

Once you have BCH, you'll need to select a Bitcoin Cash lending platform to lend your tokens. You can explore some options tailored for the Portuguese market here.

Plataforma	Moeda	APY
Nexo	Bitcoin Cash (BCH)	Up to 11% APY in Portugal
Nebeus	Bitcoin Cash (BCH)	Up to 4,5% APY in Portugal
EarnPark	Bitcoin Cash (BCH)	Up to 5% APY in Portugal
YouHodler	Bitcoin Cash (BCH)	Up to 12% APY in Portugal
Blockchain.com	Bitcoin Cash (BCH)	Up to 2% APY in Portugal

Explore all 14 lending rates available in Portugal

3. Lend Your Bitcoin Cash in Portugal
Once you've selected a platform to lend your Bitcoin Cash, transfer your Bitcoin Cash into your wallet on the lending platform. After it's deposited, it will begin to accrue interest. Some platforms offer interest payments daily, while others may do so weekly or monthly.
4. Earn Interest
Now all you need to do is relax while your cryptocurrency earns interest. The more you deposit, the more interest you can accumulate. Ensure that your lending platform offers compounding interest to maximise your returns in the Portuguese market.