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Introduction to Cryptocurrency in Canada

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

Step-by-Step Guide for Canadians

1. 1. Acquire Axie Infinity (AXS) Tokens in Canada

   To lend Axie Infinity in Canada, you first need to acquire it. To obtain Axie Infinity, you'll need to purchase it from one of these popular exchanges available in the Canadian market.

   Platform	Coin	Cost
   Nexo	Axie Infinity (AXS)	0.82
   PrimeXBT	Axie Infinity (AXS)	0.82
   YouHodler	Axie Infinity (AXS)	0.82
   Binance	Axie Infinity (AXS)	0.82
   BTSE	Axie Infinity (AXS)	0.82
   Coinbase	Axie Infinity (AXS)	0.82

   See all 71 prices in Canada

2. 2. Choose a Axie Infinity Lender in Canada

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

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

   See all 10 lending rates in Canada

3. 3. Earn Axie Infinity in Canada

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

4. 4. Earn Interest in Canada

   Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Be sure to choose a Canadian earning platform that pays compounding interest to maximize your returns.

What Canadians Should Be Aware Of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.