Where and How to Earn Avalanche (AVAX)

Introduction

Lending Avalanche can be an excellent choice for those looking to hold AVAX while generating yield. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Navigating Cryptocurrency in Portugal 1

1. 1. Acquire Avalanche (AVAX) Tokens in Portugal

   To lend Avalanche in Portugal, you first need to possess it. To acquire Avalanche, you will need to purchase it. You can select from these popular exchanges available in the Portuguese market.

   Plataforma	Moeda	Price in Portugal
   Nexo	Avalanche (AVAX)	13,79
   PrimeXBT	Avalanche (AVAX)	13,79
   EarnPark	Avalanche (AVAX)	13,9
   YouHodler	Avalanche (AVAX)	13,8
   Binance	Avalanche (AVAX)	13,79
   BTSE	Avalanche (AVAX)	13,77

   View all 81 prices

2. 2. Select a Avalanche Lender in Portugal

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

   Plataforma	Moeda	APY
   Nexo	Avalanche (AVAX)	Up to 8% APY in Portugal
   EarnPark	Avalanche (AVAX)	Up to 7% APY in Portugal
   YouHodler	Avalanche (AVAX)	Up to 16% APY in Portugal
   Bitget	Avalanche (AVAX)	Up to 3,8% APY in Portugal
   Blockchain.com	Avalanche (AVAX)	Up to 4% APY in Portugal

   Explore all 16 lending rates available in Portugal

3. 3. Earn Avalanche in Portugal

   Once you've selected a platform to earn your Avalanche, transfer your Avalanche into your wallet on the earning platform. Once it's deposited, 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 interest. The more you deposit, the greater your potential earnings. Ensure that your chosen platform offers compounding interest to maximise your returns in the Portuguese market.

What to Consider in Portugal

Lending your cryptocurrency can carry certain risks