How to Earn Axie Infinity (AXS): A Step-by-Step Guide for Canadians

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. 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) 2.47
PrimeXBT Axie Infinity (AXS) 2.46
YouHodler Axie Infinity (AXS) 2.46
Binance Axie Infinity (AXS) 2.46
BTSE Axie Infinity (AXS) 2.46
Coinbase Axie Infinity (AXS) 2.46
See all 71 prices in Canada

Platform	Coin	Cost
Nexo	Axie Infinity (AXS)	2.47
PrimeXBT	Axie Infinity (AXS)	2.46
YouHodler	Axie Infinity (AXS)	2.46
Binance	Axie Infinity (AXS)	2.46
BTSE	Axie Infinity (AXS)	2.46
Coinbase	Axie Infinity (AXS)	2.46

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. 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. 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.

Latest Movements in Canada

Axie Infinity (AXS) is currently priced at US$30 with a 24-hour trading volume of US$70.45M. The market cap of Axie Infinity stands at US$970.21M, with 157.5M AXS in circulation. For those looking to buy or trade Axie Infinity, Nexo offers avenues to do so securely and efficiently

Market capitalization: US$970.21M
24h trading volume: US$70.45M
Circulating supply in Canada: 157.5M AXS

See the latest information

Frequently Asked Questions About Lending Axie Infinity (AXS) in Canada

What are the current lending rates for Axie Infinity (AXS)?: Currently, there are six lending rates available for Axie Infinity (AXS). While the average lending rate is not specified, users can find the best lending rate of [object Object]% on Nexo. It is important to stay updated on these rates, as they can fluctuate based on market conditions. For real-time comparisons and alerts on lending rates, consider utilizing Bitcompare's features to ensure you have the latest information at your fingertips.
How can I find the best lending rates for Axie Infinity (AXS)?: To find the best lending rates for Axie Infinity (AXS), you can use platforms like Bitcompare, which offer real-time price comparisons and detailed rate information. Currently, the best lending rate is available on Nexo. By regularly checking Bitcompare, you can stay informed of the latest rates and receive email alerts, ensuring you never miss an opportunity to maximize your lending potential with AXS.
Are there any fees associated with lending Axie Infinity (AXS)?: Yes, when lending Axie Infinity (AXS), platforms may charge fees that vary based on their policies. These fees can include transaction fees, service fees, or interest on borrowed amounts. It is essential to review the terms and conditions of the lending platform you choose, such as Nexo, to understand the specific fees involved. Staying informed about these costs will help you make more strategic decisions regarding your AXS lending activities.
What factors influence the lending rates for Axie Infinity (AXS)?: Lending rates for Axie Infinity (AXS) are influenced by several factors, including market demand and supply, overall cryptocurrency market conditions, and the specific policies of the lending platform. Additionally, the risk assessment of AXS as an asset and the duration of the loan can also impact rates. By monitoring these factors and utilizing resources like Bitcompare, you can stay informed about any changes in lending rates and make more informed decisions regarding your AXS holdings.
Can I earn interest by lending my Axie Infinity (AXS)?: Yes, by lending your Axie Infinity (AXS), you can potentially earn interest on your holdings. Various lending platforms, such as Nexo, provide the opportunity to lend AXS and receive interest payments in return. The rates can vary, with the best lending rate currently available on Nexo. It is crucial to review the specific terms and conditions of the platform to understand how interest is calculated and paid, ensuring you maximize your earnings from lending your AXS.