How to Lend Axie Infinity (AXS)

Introduction

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

Step-by-Step Anleitung

1. 1. Acquire Axie Infinity (AXS) Tokens

   To lend Axie Infinity, you first need to possess it. To acquire Axie Infinity, you'll have to buy it. You can select from these well-known exchanges.

   Plattform	Kryptowährung	Price
   Nexo	Axie Infinity (AXS)	0,85 APY
   PrimeXBT	Axie Infinity (AXS)	0,84 APY
   YouHodler	Axie Infinity (AXS)	0,85 APY
   Binance	Axie Infinity (AXS)	0,85 APY
   BTSE	Axie Infinity (AXS)	0,84 APY
   Coinbase	Axie Infinity (AXS)	0,85 APY

   View all 71 prices

2. 2. Select a Axie Infinity provider

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

   Plattform	Kryptowährung	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 lending APY rates

3. 3. Lend Your Axie Infinity in Germany

   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 accrue APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform offers compounding interest to maximize your returns.

What to Consider

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.