How to Lend Axie Infinity (AXS) in Portugal: A Step-by-Step Guide

Introduction

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

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

Plataforma	Moeda	Price in Portugal
Nexo	Axie Infinity (AXS)	0,83
PrimeXBT	Axie Infinity (AXS)	0,83
YouHodler	Axie Infinity (AXS)	0,82
Binance	Axie Infinity (AXS)	0,83
BTSE	Axie Infinity (AXS)	0,83
Coinbase	Axie Infinity (AXS)	0,83

View all 71 prices

2. Select a Axie Infinity Lender in Portugal

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

Plataforma	Moeda	APY
Nexo	Axie Infinity (AXS)	Up to 30% APY in Portugal
YouHodler	Axie Infinity (AXS)	Up to 12% APY in Portugal
Bitget	Axie Infinity (AXS)	Up to 21% APY in Portugal
Gemini	Axie Infinity (AXS)	Up to 0,01% APY in Portugal

Explore all 10 lending rates available in Portugal

3. Lend Your Axie Infinity in Portugal
Once you've selected a platform to lend your Axie Infinity, transfer your Axie Infinity into your wallet on the lending platform. After it's deposited, it will begin to accrue interest. Some platforms offer interest payments daily, while others may do so weekly or monthly.
4. Earn Interest
Now all you need to do is relax while your cryptocurrency earns interest. The more you deposit, the more interest you can accumulate. Ensure that your lending platform offers compounding interest to maximise your returns in the Portuguese market.