How to Lend Avalanche (AVAX): A Step-by-Step Guide for Ugandans

Introduction

Lending Avalanche can be an excellent choice for those looking to hold AVAX while earning some returns. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide for Ugandan Investors

1. Acquire Avalanche (AVAX) Tokens

To lend Avalanche, you first need to possess it. To acquire Avalanche, you will have to buy it. You can select from these popular exchanges available in Uganda.

E-platform	Coin	Cost
Nexo	Avalanche (AVAX)	12.46 APY
PrimeXBT	Avalanche (AVAX)	12.45 APY
EarnPark	Avalanche (AVAX)	12.46 APY
YouHodler	Avalanche (AVAX)	12.46 APY
Binance	Avalanche (AVAX)	12.46 APY
BTSE	Avalanche (AVAX)	12.46 APY

See all 81 prices in Uganda

2. Select a Avalanche Lender

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

E-platform	Coin	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

View all 16 APY rates

3. Lend Your Avalanche
Once you've selected a platform to lend your Avalanche, transfer your Avalanche into your wallet on the lending platform. After it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Grow Your Savings
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 maximise your earnings.

What to Keep in Mind

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.

Latest Movements in Uganda's Financial Landscape

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Market capitalization: US$15.1B
24-hour trading volume: US$406.6M
Available supply: 410.75M AVAX

Check out the most recent updates

Avalanche AVAX Updates in Uganda

December 20, 2025VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors

The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.