How to Lend Axie Infinity (AXS) in Australia: A Step-by-Step Guide

Introduction

Lending Axie Infinity can be a great option for those who want to hold AXS while earning yield. The steps may seem a bit daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. Obtain Axie Infinity (AXS) Tokens
To lend Axie Infinity, you need to possess it. To acquire Axie Infinity, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
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
See all 71 prices
2. Choose a Axie Infinity lender
Once you have AXS, you'll need to choose a Axie Infinity lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Nexo Axie Infinity (AXS) Up to 30% p.a.
YouHodler Axie Infinity (AXS) Up to 12% p.a.
Bitget Axie Infinity (AXS) Up to 21% p.a.
Gemini Axie Infinity (AXS) Up to 0.01% p.a.
See all 10 lending rates
3. Lend Your Axie Infinity
Once you've chosen a platform to lend your Axie Infinity, transfer your Axie Infinity into your wallet on the lending platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Ensure your lending platform pays compounding interest to maximise your returns.

Platform	Coin	Cost
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

Platform	Coin	Interest rate
Nexo	Axie Infinity (AXS)	Up to 30% p.a.
YouHodler	Axie Infinity (AXS)	Up to 12% p.a.
Bitget	Axie Infinity (AXS)	Up to 21% p.a.
Gemini	Axie Infinity (AXS)	Up to 0.01% p.a.

What to Be Aware Of

Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don't lend more than you're willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.