How to Lend Axie Infinity (AXS)

Introduction

Lending Axie Infinity can be an excellent choice for those looking to hold AXS while generating returns. The process may seem overwhelming, particularly for first-time users. That’s why we’ve created this guide specifically for you.

Step-by-Step Guide for UAE Residents

1. 1. Acquire Axie Infinity (AXS) Tokens

   To lend Axie Infinity, you must first acquire it. To obtain Axie Infinity, you will need to purchase it. You can select from these well-known exchanges available in the UAE.

   Platform	Cryptocurrency	Price
   Nexo	Axie Infinity (AXS)	0.83
   PrimeXBT	Axie Infinity (AXS)	0.83
   YouHodler	Axie Infinity (AXS)	0.82
   Binance	Axie Infinity (AXS)	0.83
   BTSE	Axie Infinity (AXS)	0.83
   Coinbase	Axie Infinity (AXS)	0.83

   View all 71 prices

2. 2. Select a Axie Infinity provider in the UAE

   Once you have AXS, you'll need to select a Axie Infinity lending platform to lend your tokens. You can explore some options available in the UAE market here.

   Platform	Cryptocurrency	APY
   Nexo	Axie Infinity (AXS)	Up to 30% APY
   YouHodler	Axie Infinity (AXS)	Up to 12% APY
   Bitget	Axie Infinity (AXS)	Up to 21% APY
   Gemini	Axie Infinity (AXS)	Up to 0.01% APY

   View all 10 financing rates

3. 3. Lend Your Axie Infinity in the UAE

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

4. 4. Earn APY on Your Investments

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximize your earnings.

What to Consider in the UAE Market

Lending your cryptocurrency can carry certain risks. It’s essential to conduct thorough research before depositing your cryptocurrency. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.