How to Lend Axie Infinity (AXS)

Introduction

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

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

   Platform	Mint	Cost
   Nexo	Axie Infinity (AXS)	0,96
   PrimeXBT	Axie Infinity (AXS)	0,96
   YouHodler	Axie Infinity (AXS)	0,96
   Binance	Axie Infinity (AXS)	0,96
   BTSE	Axie Infinity (AXS)	0,96
   Coinbase	Axie Infinity (AXS)	0,96

   View all 71 prices

2. 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.

   Platform	Mint	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 lending APYs

3. 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. 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.