How to Lend Avalanche (AVAX)

Introduction

Lending Avalanche can be an excellent choice for those looking to hold AVAX while generating a return. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to help you navigate through it.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Avalanche (AVAX) Tokens

   To lend Avalanche, you must first possess it. To acquire Avalanche, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Nexo	Avalanche (AVAX)	12,23 APY
   PrimeXBT	Avalanche (AVAX)	12,22 APY
   EarnPark	Avalanche (AVAX)	12,21 APY
   YouHodler	Avalanche (AVAX)	12,22 APY
   Binance	Avalanche (AVAX)	12,22 APY
   BTSE	Avalanche (AVAX)	12,22 APY

   Check out all 81 prices

2. 2. Select a Avalanche Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   Nexo	Avalanche (AVAX)	Up to 8% APY
   EarnPark	Avalanche (AVAX)	Up to 7% APY
   YouHodler	Avalanche (AVAX)	Up to 16% APY
   Bitget	Avalanche (AVAX)	Up to 3,8% APY
   Blockchain.com	Avalanche (AVAX)	Up to 4% APY

   Discover all 16 lending APY rates

3. 3. Lend Your Avalanche in Italy

   Once you've selected a platform to lend your Avalanche, transfer your Avalanche into your wallet on the lending platform. After the deposit is made, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximize your earnings.

What to Consider in Italy

Lending your cryptocurrency can involve significant risks