How to Stake Axelar (AXL) in the UK

Introduction

Staking Axelar can be an excellent option for those who wish to hold AXL while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Axelar (AXL) Tokens

   To stake Axelar, you need to possess it. To obtain Axelar, you'll need to purchase it. You can choose from these popular exchanges.

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

   View all 19 prices

2. 2. Choose a Axelar Wallet

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

   Platform	Coin	Staking rewards
   Uphold	Axelar (AXL)	Up to 4.6% AER
   Binance	Axelar (AXL)	Up to 4.59% AER
   Chainode Tech	Axelar (AXL)	Up to 7.2% AER

   View all 14 staking rewards

3. 3. Delegate Your AXL

   We recommend using a staking pool when staking AXL. It's simpler and quicker 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 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. You will be rewarded with AXL for these validations.

What to Be Aware Of

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