How to Stake Axelar (AXL): A Step-by-Step Guide for Ugandans

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 might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

1. Acquire Axelar (AXL) Tokens
To stake Axelar, you first need to acquire it. To obtain Axelar, you will have to buy it. You can select from these well-known exchanges available in Uganda.
E-platform Coin Cost
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
See all 20 prices in Uganda
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 reliable options to consider.
E-platform Coin Staking rewards in Uganda
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.
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 collective of validators who combine their AXL, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
4. Start Validating
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. You'll be rewarded with AXL for these validations.

E-platform	Coin	Cost
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

E-platform	Coin	Staking rewards in Uganda
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

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.