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

Introduction

Lending Axie Infinity can be a great option for those who want to hold AXS but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Axie Infinity (AXS) Tokens
In order to lend Axie Infinity, you need to have it. To obtain Axie Infinity, you’ll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Axie Infinity (AXS) 6.1
PrimeXBT Axie Infinity (AXS) 6.08
Uphold Axie Infinity (AXS) 6.07
Kraken Axie Infinity (AXS) 6.07
OKX Axie Infinity (AXS) 6.07
YouHodler Axie Infinity (AXS) 6.08
See all 36 prices
2. Choose a Axie Infinity Lender
Once you have AXS, you’ll need to choose a Axie Infinity lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Nexo Axie Infinity (AXS) Up to 30 APY
YouHodler Axie Infinity (AXS) Up to 12 APY
Bitget Axie Infinity (AXS) Up to 21 APY
Kucoin Axie Infinity (AXS) Up to 0.5 APY
See all 6 lending rates
3. Lend Your Axie Infinity
Once you’ve chosen a platform to lending your Axie Infinity, transfer your Axie Infinity into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

Platform	Coin	Price
Nexo	Axie Infinity (AXS)	6.1
PrimeXBT	Axie Infinity (AXS)	6.08
Uphold	Axie Infinity (AXS)	6.07
Kraken	Axie Infinity (AXS)	6.07
OKX	Axie Infinity (AXS)	6.07
YouHodler	Axie Infinity (AXS)	6.08

Platform	Coin	Interest rate
Nexo	Axie Infinity (AXS)	Up to 30 APY
YouHodler	Axie Infinity (AXS)	Up to 12 APY
Bitget	Axie Infinity (AXS)	Up to 21 APY
Kucoin	Axie Infinity (AXS)	Up to 0.5 APY

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.

Latest Movements

Axie Infinity (AXS) is currently priced at $30 with a 24-hour trading volume of $53.55M. The market cap of Axie Infinity stands at $952.11M, with $157.15M AXS in circulation. For those looking to buy or trade Axie Infinity, Nexo offers avenues to do so securely and efficiently}

Market cap: $952.11M
24h volume: $53.55M
Circulating supply: $157.15M

See latest information

Frequently Asked Questions About Lending Axie Infinity (AXS)

What are Axie Infinity (AXS) lending rates?: Axie Infinity (AXS) lending rates refer to the interest rates offered by exchanges and platforms for lending or borrowing AXS tokens. These rates can vary based on market demand and conditions. It's important to stay informed about current rates, which can be done through platforms like Bitcompare for real-time price comparisons and notifications.
How do I find the best AXS lending rates?: To find the best AXS lending rates, use Bitcompare's crypto comparison tools. These tools offer real-time price comparisons and email alerts to notify you of rate changes. Staying informed and regularly checking these tools will help ensure you get the best rates available.
Why do AXS lending rates fluctuate?: AXS lending rates fluctuate due to changes in supply and demand, market conditions, and the overall sentiment in the cryptocurrency market. Platforms like Bitcompare provide sentiment analysis and the latest news to help users understand these fluctuations and make informed decisions.
How reliable are the AXS lending rates I see online?: While online rates provide a good starting point, they can change rapidly. Bitcompare offers valuable tools for accessing reputable exchanges and showcases current rates, ensuring you receive accurate and up-to-date information to make informed decisions.
Can I set alerts for AXS lending rate changes?: Yes, you can set up email alerts for AXS lending rate changes using Bitcompare's tools. This feature is designed to keep you informed of any significant variations, helping you react to shifts and stay ahead in the cryptocurrency market.
Where can I find the latest news on Axie Infinity?: For the latest on Axie Infinity, leverage Bitcompare's platform, which includes the newest updates and events. By staying up-to-date with news, you ensure well-informed decisions in the fast-paced cryptocurrency market. Consider bookmarking the page for easy access.
Is Axie Infinity lending a good investment?: We do not provide financial advice or investment recommendations. It's vital to conduct thorough research and consult professionals if needed. Staying informed through platforms like Bitcompare is crucial for understanding the latest lending rates and news events related to AXS.
How often should I check AXS lending rates?: Given the volatile nature of the crypto market, regularly checking AXS lending rates can be beneficial. Using tools like Bitcompare, which offer real-time updates and alert options, can help you stay informed and make timely decisions.