How to Stake Axie Infinity (AXS) in Australia

Introduction

Staking Axie Infinity can be a great option for those who want to hold AXS 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 Axie Infinity (AXS) Tokens

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

   Platform	Coin	Cost
   Nexo	Axie Infinity (AXS)	0.96
   PrimeXBT	Axie Infinity (AXS)	0.96
   YouHodler	Axie Infinity (AXS)	0.96
   Binance	Axie Infinity (AXS)	0.96
   BTSE	Axie Infinity (AXS)	0.96
   Coinbase	Axie Infinity (AXS)	0.96

   See all 71 prices

2. 2. Choose a Axie Infinity Wallet

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

   Platform	Coin	Staking returns
   Binance	Axie Infinity (AXS)	Up to 11.6% p.a.

   View all 9 staking rewards

3. 3. Delegate Your AXS

   We recommend using a staking pool when staking AXS. It's simpler and quicker to get started. A staking pool is a group of validators who combine their AXS, 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 Axie Infinity network. You'll be rewarded with AXS 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.