How to Stake Axelar (AXL): A Step-by-Step Guide for South Africans

Introduction

Staking Axelar can be an excellent choice for those looking to hold AXL while earning APY in a secure manner and supporting the network. 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. Acquire Axelar (AXL) Tokens
To stake Axelar, you first need to acquire it. To obtain Axelar, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Platform Mint Cost
PrimeXBT Axelar (AXL) 0,07
Binance Axelar (AXL) 0,07
Uphold Axelar (AXL) 0,33
Bake Axelar (AXL) 0,07
Bitmart Axelar (AXL) 0,07
Bitpanda Axelar (AXL) 0,9
View all 20 prices
2. Select a Axelar Wallet
Once you have AXL, you'll need to choose a Axelar wallet to store your tokens securely. Here are some solid options to consider.
Platform Mint Staking rewards in South Africa
Uphold Axelar (AXL) Up to 4,6% APY
Binance Axelar (AXL) Up to 8,66% APY
Chainode Tech Axelar (AXL) Up to 7,2% APY
View all 14 staking rewards available
3. Delegate Your AXL
We recommend using a staking pool when staking AXL. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their AXL, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
4. Start Validating
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Axelar network. You'll be rewarded with AXL for these validations.

Platform	Mint	Cost
PrimeXBT	Axelar (AXL)	0,07
Binance	Axelar (AXL)	0,07
Uphold	Axelar (AXL)	0,33
Bake	Axelar (AXL)	0,07
Bitmart	Axelar (AXL)	0,07
Bitpanda	Axelar (AXL)	0,9

Platform	Mint	Staking rewards in South Africa
Uphold	Axelar (AXL)	Up to 4,6% APY
Binance	Axelar (AXL)	Up to 8,66% APY
Chainode Tech	Axelar (AXL)	Up to 7,2% APY

What to Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.