How to Lend Axie Infinity (AXS)

Introduction

Lending Axie Infinity can be an excellent choice for those looking to hold AXS 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 Axie Infinity (AXS) Tokens

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

   Piattaforma	Criptovaluta	Value
   Nexo	Axie Infinity (AXS)	0,83 APY
   PrimeXBT	Axie Infinity (AXS)	0,83 APY
   YouHodler	Axie Infinity (AXS)	0,82 APY
   Binance	Axie Infinity (AXS)	0,83 APY
   BTSE	Axie Infinity (AXS)	0,83 APY
   Coinbase	Axie Infinity (AXS)	0,83 APY

   Check out all 71 prices

2. 2. Select a Axie Infinity Lender in Italy

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

   Piattaforma	Criptovaluta	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

   Discover all 10 lending APY rates

3. 3. Lend Your Axie Infinity in Italy

   Once you've selected a platform to lend your Axie Infinity, transfer your Axie Infinity 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