How to Stake Axelar (AXL)

Introduction

Staking Axelar can be an excellent choice for those 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've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Axelar (AXL) Tokens

   To stake Axelar, you first need to acquire it. To obtain Axelar, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   PrimeXBT	Axelar (AXL)	0,07 APY
   Binance	Axelar (AXL)	0,07 APY
   Uphold	Axelar (AXL)	0,33 APY
   Bake	Axelar (AXL)	0,07 APY
   Bitmart	Axelar (AXL)	0,07 APY
   Bitpanda	Axelar (AXL)	0,9 APY

   View all 20 prices

2. 2. Select a Axelar Wallet

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

   Plattform	Kryptowährung	Staking rewards
   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

   Discover all 14 staking rewards available

3. 3. Delegate Your AXL

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

4. 4. Start Validating

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

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.