How to Earn Axie Infinity (AXS): A Step-by-Step Guide for Italians

Introduction

Lending Axie Infinity can be an excellent choice for those looking to hold AXS while generating a return. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to help you navigate through it.

Step-by-Step Guide for Italian Investors

1. Acquire Axie Infinity (AXS) Tokens

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

Piattaforma	Criptovaluta	Value
Nexo	Axie Infinity (AXS)	2,5 APY
PrimeXBT	Axie Infinity (AXS)	2,49 APY
YouHodler	Axie Infinity (AXS)	2,5 APY
Binance	Axie Infinity (AXS)	2,5 APY
BTSE	Axie Infinity (AXS)	2,49 APY
Coinbase	Axie Infinity (AXS)	2,49 APY

Check out all 71 prices

2. Select a Axie Infinity Lender in Italy
Once you have AXS, you'll need to select a Axie Infinity lending platform to lend your tokens. You can explore some options here.
Piattaforma Criptovaluta 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
Discover all 10 lending APY rates
3. Earn Axie Infinity in Italy and take advantage of competitive APY rates offered by various providers
Once you've selected a platform to earn your Axie Infinity, transfer your Axie Infinity into your wallet on the earning platform. Once it's deposited, it will begin to accrue APY. Some platforms offer interest payments daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the more interest you can accumulate. Be sure to choose a platform that offers compounding interest to maximize your returns.

Piattaforma	Criptovaluta	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 Consider in Italy

Lending your cryptocurrency can involve significant risks

Recent Developments

Axie Infinity (AXS) is currently priced at US$30 with a 24-hour trading volume of US$70.45M. The market cap of Axie Infinity stands at US$970.21M, with 157,5M AXS in circulation. For those looking to buy or trade Axie Infinity, Nexo offers avenues to do so securely and efficiently

Market capitalization: US$970.21M
24h volume in the Italian market: US$70.45M
Circulating supply: 157,5M AXS

Check out the latest updates

Frequently Asked Questions About Lending Axie Infinity (AXS) in Italy

What are the current lending rates for Axie Infinity (AXS)?: Currently, there are six lending rates available for Axie Infinity (AXS). While the average lending rate is not specified, users can find the best lending rate of [object Object]% on Nexo. It is important to stay updated on these rates, as they can fluctuate based on market conditions. For real-time comparisons and alerts on lending rates, consider utilizing Bitcompare's features to ensure you have the latest information at your fingertips.
How can I find the best lending rates for Axie Infinity (AXS)?: To find the best lending rates for Axie Infinity (AXS), you can use platforms like Bitcompare, which offer real-time price comparisons and detailed rate information. Currently, the best lending rate is available on Nexo. By regularly checking Bitcompare, you can stay informed of the latest rates and receive email alerts, ensuring you never miss an opportunity to maximize your lending potential with AXS.
Are there any fees associated with lending Axie Infinity (AXS)?: Yes, when lending Axie Infinity (AXS), platforms may charge fees that vary based on their policies. These fees can include transaction fees, service fees, or interest on borrowed amounts. It is essential to review the terms and conditions of the lending platform you choose, such as Nexo, to understand the specific fees involved. Staying informed about these costs will help you make more strategic decisions regarding your AXS lending activities.
What factors influence the lending rates for Axie Infinity (AXS)?: Lending rates for Axie Infinity (AXS) are influenced by several factors, including market demand and supply, overall cryptocurrency market conditions, and the specific policies of the lending platform. Additionally, the risk assessment of AXS as an asset and the duration of the loan can also impact rates. By monitoring these factors and utilizing resources like Bitcompare, you can stay informed about any changes in lending rates and make more informed decisions regarding your AXS holdings.
Can I earn interest by lending my Axie Infinity (AXS)?: Yes, by lending your Axie Infinity (AXS), you can potentially earn interest on your holdings. Various lending platforms, such as Nexo, provide the opportunity to lend AXS and receive interest payments in return. The rates can vary, with the best lending rate currently available on Nexo. It is crucial to review the specific terms and conditions of the platform to understand how interest is calculated and paid, ensuring you maximize your earnings from lending your AXS.