Where and How to Lend Avalanche (AVAX)

Introduction

Lending Avalanche can be a great option for those who want to hold AVAX but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Avalanche (AVAX) Tokens

   To lend Avalanche, you need to have it. To acquire Avalanche, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Avalanche (AVAX)	36.4
   PrimeXBT	Avalanche (AVAX)	36.37
   M2	Avalanche (AVAX)	36.38
   Uphold	Avalanche (AVAX)	36.38
   EarnPark	Avalanche (AVAX)	36.52
   Klink	Avalanche (AVAX)	36.44

   See all 42 prices

2. 2. Choose a Avalanche Lender

   Once you have AVAX, you’ll need to choose a Avalanche lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Nexo	Avalanche (AVAX)	Up to 8 AER
   YouHodler	Avalanche (AVAX)	Up to 16 AER
   EarnPark	Avalanche (AVAX)	Up to 9 AER
   Bitget	Avalanche (AVAX)	Up to 3.8 AER

   See all 9 lending rates

3. 3. Lend Your Avalanche

   Once you’ve chosen a platform to lend your Avalanche, transfer your Avalanche into your wallet on the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back whilst your crypto earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compound interest to maximise your returns.

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.