How to Stake Axie Infinity (AXS): A Step-by-Step Guide

Introduction

Staking Axie Infinity can be a great option for those who want to hold AXS but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Axie Infinity (AXS) Tokens
In order to stake Axie Infinity, you need to have it. To obtain Axie Infinity, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Axie Infinity (AXS) 6,13
PrimeXBT Axie Infinity (AXS) 6,1
Uphold Axie Infinity (AXS) 6,09
Kraken Axie Infinity (AXS) 6,11
OKX Axie Infinity (AXS) 6,05
YouHodler Axie Infinity (AXS) 6,1
See all 36 prices
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 good options.
Platform Coin Staking rewards
Binance Axie Infinity (AXS) Up to 18,9 APY
Bitmart Axie Infinity (AXS) Up to 1 APY
See all 5 staking rewards
3. Delegate Your AXS
We recommend using a staking pool when staking AXS. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their AXS, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
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 Axie Infinity network. You’ll be rewarded with AXS for these validations.

Platform	Coin	Price
Nexo	Axie Infinity (AXS)	6,13
PrimeXBT	Axie Infinity (AXS)	6,1
Uphold	Axie Infinity (AXS)	6,09
Kraken	Axie Infinity (AXS)	6,11
OKX	Axie Infinity (AXS)	6,05
YouHodler	Axie Infinity (AXS)	6,1

Platform	Coin	Staking rewards
Binance	Axie Infinity (AXS)	Up to 18,9 APY
Bitmart	Axie Infinity (AXS)	Up to 1 APY

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.

Latest Movements

Axie Infinity (AXS) is currently priced at US$26 with a 24-hour trading volume of US$76.09M. The market cap of Axie Infinity stands at US$960.99M, with US$157.5M AXS in circulation. For those looking to buy or trade Axie Infinity, Binance offers avenues to do so securely and efficiently}

Market cap: US$960.99M
24h volume: US$76.09M
Circulating supply: US$157.5M

See latest information

Frequently Asked Questions About Staking Axie Infinity (AXS)

What is Axie Infinity (AXS) staking?: Axie Infinity (AXS) staking involves locking up your AXS tokens in the network to support its operations and, in return, earn rewards. It's a way to participate in the ecosystem while potentially earning more AXS. For informed decisions, explore tools on Bitcompare, which offer real-time price comparisons, alerts, and the latest news.
How do I start staking AXS?: To start staking AXS, you'll need to transfer your AXS tokens to a staking platform or wallet that supports Axie Infinity staking. Ensure you stay informed about platform conditions and rates. Visit Bitcompare for insights into the best staking platforms, rates, and real-time updates.
What are the risks associated with AXS staking?: AXS staking can involve risks like network security issues or volatility in token value. It's crucial to stay informed about these risks. Utilizing tools on Bitcompare, such as sentiment analysis and recent news events, can help users understand current conditions and make knowledgeable decisions.
How are AXS staking rewards calculated?: AXS staking rewards are typically calculated based on the amount of AXS staked, the length of staking, and the network's reward mechanism. To find the best rates, use Bitcompare's real-time comparison tools and stay updated with their alerts and analysis.
When can I claim my AXS staking rewards?: Staking platforms might have varied conditions regarding reward claim periods. Some allow weekly claims, others might differ. Check the platform's terms and use Bitcompare to compare real-time staking conditions across different exchanges for well-informed actions.
Can I stake AXS directly on a hardware wallet?: Not all hardware wallets support staking directly. It's advisable to transfer AXS to a supported platform. Check wallet features and compare the best options using Bitcompare's tools for reliable staking conditions and platform reviews.
Is there a minimum amount required for AXS staking?: Platforms may set a minimum staking amount. Check each platform's requirements. Bitcompare provides valuable insights by comparing minimum investment thresholds and conditions across platforms, helping users choose what's best for them.