How to Stake Axie Infinity (AXS) for better returns

Introduction

Staking Axie Infinity can be an excellent choice for individuals looking to hold AXS 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 Axie Infinity (AXS) Tokens

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

   Platform	Coin	Price
   Nexo	Axie Infinity (AXS)	1.03 APY
   PrimeXBT	Axie Infinity (AXS)	0.83 APY
   YouHodler	Axie Infinity (AXS)	0.83 APY
   Binance	Axie Infinity (AXS)	0.83 APY
   BTSE	Axie Infinity (AXS)	0.83 APY
   Coinbase	Axie Infinity (AXS)	0.83 APY

   View all 71 prices

2. 2. Select a Axie Infinity Wallet for Your Needs

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

   Platform	Coin	Staking returns
   Binance	Axie Infinity (AXS)	Up to 11.6% APY

   View all 9 staking rewards available

3. 3. Delegate Your AXS for Enhanced Returns

   We recommend utilizing a staking pool when staking AXS. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their AXS, 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 Axie Infinity network. For these validations, you will be rewarded with AXS.

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.