How to Stake Axelar (AXL): A Comprehensive Guide for Indian Investors

Introduction

Staking Axelar can be an excellent choice for those looking to hold AXL while earning returns in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Indian Investors

1. Acquire Axelar (AXL) Tokens in India
To stake Axelar, you first need to acquire it. To obtain Axelar, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.
Platform Coin Cost
PrimeXBT Axelar (AXL) 0.08
Binance Axelar (AXL) 0.08
Uphold Axelar (AXL) 0.33
Bake Axelar (AXL) 0.08
Bitmart Axelar (AXL) 0.08
Bitpanda Axelar (AXL) 0.9
See all 20 rates
2. Choose a Axelar Wallet in India
Once you have AXL, you'll need to choose a Axelar wallet to securely store your tokens. Here are some reliable options available in India.
Platform Coin Staking rewards in India
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
View all 14 staking rewards available in India
3. Delegate Your AXL in India
We recommend using a staking pool when staking AXL. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their AXL, increasing their chances of validating transactions and earning rewards. You can easily do this through your wallet's interface.
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.

Platform	Coin	Cost
PrimeXBT	Axelar (AXL)	0.08
Binance	Axelar (AXL)	0.08
Uphold	Axelar (AXL)	0.33
Bake	Axelar (AXL)	0.08
Bitmart	Axelar (AXL)	0.08
Bitpanda	Axelar (AXL)	0.9

Platform	Coin	Staking rewards in India
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

What to Keep in Mind

When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.