How to Lend Avalanche (AVAX) in Vietnam

Introduction

Lending Avalanche is an excellent choice for those looking to hold AVAX while earning yield. The process may seem intimidating at first, which is why we've created this guide to help you navigate it.

Comprehensive Guide

1. 1. Acquire Avalanche (AVAX) Tokens

   To lend Avalanche, you must first own it. To acquire Avalanche, you will need to buy it. You can select from these well-known exchanges.

   Platform	Coin	Cost
   Nexo	Avalanche (AVAX)	12.29
   PrimeXBT	Avalanche (AVAX)	12.28
   EarnPark	Avalanche (AVAX)	12.36
   YouHodler	Avalanche (AVAX)	12.28
   Binance	Avalanche (AVAX)	12.28
   BTSE	Avalanche (AVAX)	12.28

   View all 81 prices

2. 2. Select a Avalanche Lender

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

   Platform	Coin	Interest rate
   Nexo	Avalanche (AVAX)	Earn up to 8% APY
   EarnPark	Avalanche (AVAX)	Earn up to 7% APY
   YouHodler	Avalanche (AVAX)	Earn up to 16% APY
   Bitget	Avalanche (AVAX)	Earn up to 3.8% APY
   Blockchain.com	Avalanche (AVAX)	Earn up to 4% APY

   View all 16 loan rates

3. 3. Lend Your Avalanche

   After selecting a platform to lend your Avalanche, transfer your Avalanche into your wallet on that platform. Once deposited, it will begin to earn interest. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Grow Your Savings

   Now all you need to do is relax while your crypto accumulates interest. The more you deposit, the greater your potential earnings. Ensure that your lending platform offers compounding interest to maximize your returns.

Things to Consider

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing. Only lend what you can afford to lose. Review their lending practices, read user reviews, and understand how they secure your cryptocurrency.