How to Lend Axie Infinity (AXS): A Step-by-Step Guide for Ugandans

Introduction

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

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

E-platform	Coin	Cost
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

See all 71 prices in Uganda

2. Select a Axie Infinity Lender
Once you have AXS, you'll need to select a Axie Infinity lending platform to lend your tokens. You can explore some options here.
E-platform Coin 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
View all 10 APY rates
3. Lend Your Axie Infinity
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 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.

E-platform	Coin	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

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.