How to Lend Merlin Chain (MERL) in Portugal

Introduction

Lending Merlin Chain can be an excellent choice for those looking to hold MERL 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. 1. Acquire Merlin Chain (MERL) Tokens in Portugal

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

   Plataforma	Moeda	Price in Portugal
   BTSE	Merlin Chain (MERL)	0,32
   Kraken	Merlin Chain (MERL)	0,37
   OKX	Merlin Chain (MERL)	0,11
   BingX	Merlin Chain (MERL)	0,37
   Bitget	Merlin Chain (MERL)	0,37
   Bitmart	Merlin Chain (MERL)	0,37

   View all 29 prices

2. 2. Select a Merlin Chain Lender in Portugal

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

   Plataforma	Moeda	APY
   Bitget	Merlin Chain (MERL)	Up to 0,8% APY in Portugal
   Kucoin	Merlin Chain (MERL)	Up to 0,5% APY in Portugal

3. 3. Lend Your Merlin Chain in Portugal

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

What to Consider in Portugal

Lending your cryptocurrency can carry certain risks