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 intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Axelar (AXL) Tokens

   To stake Axelar, you must first acquire it. To obtain Axelar, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   PrimeXBT	Axelar (AXL)	0,12 APY
   Binance	Axelar (AXL)	0,12 APY
   Uphold	Axelar (AXL)	0,33 APY
   Bake	Axelar (AXL)	0,12 APY
   Bitmart	Axelar (AXL)	0,12 APY
   Bitpanda	Axelar (AXL)	0,9 APY

   Check out 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 excellent options tailored for the Italian market.

   Piattaforma	Criptovaluta	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 to you

3. 3. Delegate Your AXL

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

4. 4. Begin the Validation Process

   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 Axelar network. For these validations, you'll receive rewards in AXL.

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.