Best Axie Infinity AXS Interest Rates and Rewards

Welcome to the best Axie Infinity AXS interest rates and rewards. Here, you will find where to deposit to earn the best crypto passive income on your AXS holdings.

It´s important to let your money work for you and don´t miss out on free interest payouts.

Also, we cover where to buy Axie Infinity, how to pay tax on AXS interest payouts and what risks are associated with earning interest on your AXS.

No Financial Advice, Information only. Do your own research

List: the Best Axie Infinity AXS interest rates

In the list below, you find the best Axie Infinity interest rates. As you can see, only Binance is offering interest on your AXS deposits. In addition, they are offering vary good yields.

Binance is the largest crypto exchange with many different products, including Binance Earn, where you can earn interest rate on your crypto holdings.

Company Reviews

Interests

Invest

Binance - Best Axie Infinity AXS interest rate

In the screenshot below, you find all the available best Axie Infinity AXS interest rates from Binance Earn.

As you can see, Binance Earn is offering rates up to 123.36% which is VERY good!

Binance Earn is offering Binance flexible staking and Binance locked staking. As you can here on the names, flexible staking allows for withdrawals at any time while you lock your funds for 15, 30, 60 or 90 days for the locked staking feature.

Binance Earn Pros and Cons

Pros and Cons with Binance Earn

Pros

  • Very high interest rates and staking yields
  • Binance is the largest crypto exchange

Cons

  • Lock up periods of 60 days to achieve the best interest rates
Best Axie infinity interest and staking rewards Binance Earn screenshot

What is Axie Infinity?

Axie Infinity is a play-to-earn crypto game, where players earn crypto rewards for playing a game.

In Axie Infinity players buy, breed, and pit monsters called Axies against each other to win in-game currency—called small love potions—that can be exchanged for fiat cash.

Axies are fierce creatures that love to battle, build, and hunt for treasure!

Players can build up a collection of Axies and use them across an ever expanding universe of games.

Axie Infinity uses cutting edge technology called Blockchain to reward players for their engagement.

Learn more about Axie Infinity in the video below.

Axie Infinity is one of the largest metaverse cryptocurrencies. Sandbox is another great metaverse cryptocurrency. Read more about the best Sandbox SAND interest rates and staking rewards.

Is Axie Infinity inflationary? AXZ tokenomics

In late October 2021 Axie Infinity has a circulating supply of 61.169.458 tokens and a maximum supply of 270.000.000 according to Coingecko.

It means that Axie Infinity will stay inflationary until the rest of the tokens are released to circulating supply. There are 4.5 times as many tokens to be released and therefor it can be hard to keep the price up, especially during a beartrend.

Where to buy Axie Infinity?

There are two places whicha re both great to buy Axie Infinity. One which allow US residents and one that doesn´t allow for US residents.

Binance is the largest crypto exchange with most trading volumes, lowest fees and many trading pairs. With our referral code you get even -20% on all fees charged by Binance, forever.

Coinbase has taken another approach. They allow US customers and is a regulated crypto exchange traded on Nasdaq. In addition, they add cryptocurrencies carefully and doesn´t have as many trading pairs as Binance.

Best place to buy Axie Infinity AXS for non US residents

Binance is a complete crypto ecosystem with Binance earn, P2P marketplace, launchpads, NFT marketplace, futures trading, margin trading, crypto debit card and much more.

Best place to buy Axie Infinity AXS for US residents

Coinbase is the largest US regulated exchange. They select cryptocurrencies to list carefully and follow the SEC crypto guidelines.

How to pay tax on Axie Infinity interest payouts?

Yes, you have to pay tax on your Axie Infinity interest payouts. You should declare them as income. However, the details regarding this varies among the different countries.

Luckily, there are crypto tax software that have created systems to automate the tax reporting for crypto interest payouts and all other crypto transactions. The best part is that many of them supports a lot of different countries and also have a free version.

Go ahead and check out Koinly which we believe is the best crypto tax software.

Koinly Logo

Risks with Axie Infinity Interest Rates

Of course, there are risk associated with cryptocurrency investment and earning interest on your Axie Infinity AXS holdings.

You should be aware of some general risks we have listed. However, risks can also be personal and you have to find your own risks and determine if the rewards outweigh the risks.

Here are some general risks we have identified

  • The company you deposit into can go bankrupt
  • The company you deposit into can be hacked
  • The cryptocurrency you own can loose in value (Also, some of the above companies have lock up periods and you might not be able to sell in time)

Read our article about crypto risk management 2021 for further information regarding this topic.

 

Share on facebook
Facebook
Share on pinterest
Pinterest
Share on twitter
Twitter