How to Stake Axelar (AXL) in Canada

Introduction to Cryptocurrency in Canada

Staking Axelar can be an excellent choice for Canadians looking to hold AXL while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Canadians

1. 1. Acquire Axelar (AXL) Tokens in Canada

   To stake Axelar, you first need to acquire it. To obtain Axelar, you'll need to purchase it from one of these popular Canadian exchanges.

   Platform	Coin	Cost
   PrimeXBT	Axelar (AXL)	0.08
   Binance	Axelar (AXL)	0.08
   Uphold	Axelar (AXL)	0.33
   Bake	Axelar (AXL)	0.08
   Bitmart	Axelar (AXL)	0.08
   Bitpanda	Axelar (AXL)	0.9

   See all 20 prices in Canada

2. 2. Select a Axelar Wallet in Canada

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

   Platform	Coin	Staking rewards in Canada
   Uphold	Axelar (AXL)	Up to 4.6% APY in Canada
   Binance	Axelar (AXL)	Up to 8.66% APY in Canada
   Chainode Tech	Axelar (AXL)	Up to 7.2% APY in Canada

   See all 14 staking rewards in Canada

3. 3. Delegate Your AXL in Canada

   We recommend using a staking pool when staking AXL. It's simpler and faster to get started. A staking pool is a group of validators who combine their AXL, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 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.

What Canadians Should Be Aware Of

In Canada, it's important to consider transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.