How to Stake Axelar (AXL) for optimal returns

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

Step-by-Step Guide for South Korea's Financial Landscape 1

1. 1. Acquire Axelar (AXL) Tokens

   To stake Axelar, you first need to acquire it. To obtain Axelar, you'll need to purchase it from a cryptocurrency exchange. You can choose from these popular platforms available in South Korea.

   플랫폼	코인	Price
   PrimeXBT	Axelar (AXL)	0.08 APY
   Binance	Axelar (AXL)	0.08 APY
   Uphold	Axelar (AXL)	0.33 APY
   Bake	Axelar (AXL)	0.08 APY
   Bitmart	Axelar (AXL)	0.08 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 recommended options that are popular among Korean users.

   플랫폼	코인	Staking 보상
   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

   Check out all 14 staking rewards available.

3. 3. Delegate Your AXL in South Korea

   We recommend using a staking pool when staking AXL. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their AXL, increasing their chances of validating transactions and earning rewards. You can easily manage 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's confirmed, you will automatically validate transactions on the Axelar network. For these validations, you will be rewarded with AXL.

What to Keep in Mind

You should be aware of the transaction and staking pool fees that apply. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time in the process.