Where and how to stake Axelar (AXL)

Introduction

Staking Axelar can be a great option for those who wish to hold AXL while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire Axelar (AXL) Tokens

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

   Platform	Coin	Price
   Bitpanda	Axelar (AXL)	0.77
   Uphold	Axelar (AXL)	0.73
   Binance	Axelar (AXL)	0.77
   Coinbase	Axelar (AXL)	0.82
   Bitmart	Axelar (AXL)	0.77
   Bybit	Axelar (AXL)	0.73

   See all 11 prices

2. 2. Select a Axelar Wallet

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

   Platform	Coin	Staking rewards
   Uphold	Axelar (AXL)	Up to 5 APY
   Binance	Axelar (AXL)	Up to 6.59 APY

   See all 8 staking rewards

3. 3. Delegate Your AXL

   We suggest using a staking pool for staking AXL. It's easier and quicker to get started. A staking pool is a collection of validators who combine their AXL, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

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

What to Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.