How to Lend Avalanche (AVAX)

Introduction

Lending Avalanche can be an excellent choice for those looking to hold AVAX while earning a return. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Avalanche (AVAX) Tokens

   To lend Avalanche, you first need to possess it. To acquire Avalanche, you'll need to buy it. You can select from these well-known exchanges.

   Platform	Mint	Cost
   Nexo	Avalanche (AVAX)	13,76
   PrimeXBT	Avalanche (AVAX)	13,73
   EarnPark	Avalanche (AVAX)	13,65
   YouHodler	Avalanche (AVAX)	13,74
   Binance	Avalanche (AVAX)	13,74
   BTSE	Avalanche (AVAX)	13,74

   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 explore some options here.

   Platform	Mint	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 lending APYs

3. 3. Lend Your Avalanche

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

4. 4. Earn Interest in South Africa

   Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.