How to Stake Axelar (AXL) for better returns

Introduction

Staking Axelar can be an excellent choice for individuals 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-time users. That's why we have created this comprehensive guide to assist you.

Step-by-Step Guide

1. 1. Acquire Axelar (AXL) Tokens

   To stake Axelar, you first need to acquire it. To obtain Axelar, you can purchase it from these well-known exchanges.

   common.provider	Coin	Price
   PrimeXBT	Axelar (AXL)	0.11 APY
   Binance	Axelar (AXL)	0.11 APY
   Uphold	Axelar (AXL)	0.33 APY
   Bake	Axelar (AXL)	0.11 APY
   Bitmart	Axelar (AXL)	0.11 APY
   Bitpanda	Axelar (AXL)	0.9 APY

   View all 20 prices

2. 2. Select a Axelar Wallet for Your Needs

   Once you have AXL, you'll need to select a Axelar wallet to securely store your tokens. Here are some excellent options to consider.

   common.provider	Coin	Staking returns
   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. 3. Delegate Your AXL for Enhanced Returns

   We recommend utilizing a staking pool when staking AXL. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their AXL, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the Axelar network. For these validations, you will be rewarded with AXL.

What to Consider in the Chinese Market

When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.