How to Stake Axelar (AXL) in Australia

Introduction

Staking Axelar can be a great option for those who want to hold AXL while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain Axelar (AXL) Tokens

   To stake Axelar, you need to own it. To obtain Axelar, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   PrimeXBT	Axelar (AXL)	0.1
   Binance	Axelar (AXL)	0.1
   Uphold	Axelar (AXL)	0.33
   Bake	Axelar (AXL)	0.1
   Bitmart	Axelar (AXL)	0.1
   Bitpanda	Axelar (AXL)	0.9

   See all 20 prices

2. 2. Choose a Axelar Wallet

   Once you have AXL, you'll need to choose a Axelar wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Uphold	Axelar (AXL)	Up to 4.6% % p.a.
   Binance	Axelar (AXL)	Up to 8.66% % p.a.
   Chainode Tech	Axelar (AXL)	Up to 7.2% % p.a.

   View all 14 staking rewards

3. 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 group of validators who combine their AXL, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   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.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.