How to Lend Axie Infinity (AXS) in the UK

Introduction

Lending Axie Infinity can be an excellent option for those who wish to hold AXS while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Axie Infinity (AXS) Tokens

   To lend Axie Infinity, you need to possess it. To obtain Axie Infinity, you'll need to purchase it. You can choose from these popular exchanges in the UK.

   Platform	Coin	Price
   Nexo	Axie Infinity (AXS)	0.96
   PrimeXBT	Axie Infinity (AXS)	0.96
   YouHodler	Axie Infinity (AXS)	0.96
   Binance	Axie Infinity (AXS)	0.96
   BTSE	Axie Infinity (AXS)	0.96
   Coinbase	Axie Infinity (AXS)	0.96

   View all 71 prices

2. 2. Choose a Axie Infinity Lender in the UK

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

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

   View all 10 loan rates

3. 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 AER. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn AER

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

What to Be Aware Of

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