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 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. 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)	0.33 APY
   Uphold	Axelar (AXL)	0.33 APY
   Binance	Axelar (AXL)	0.33 APY
   Bake	Axelar (AXL)	0.33 APY
   Bitmart	Axelar (AXL)	0.33 APY
   Bitpanda	Axelar (AXL)	0.9 APY

   See all 19 prices in Uganda

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 reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   Uphold	Axelar (AXL)	Up to 4.6% APY
   Binance	Axelar (AXL)	Up to 4.59% APY
   Chainode Tech	Axelar (AXL)	Up to 7.2% APY

   View all 14 staking rewards available.

3. 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. 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.

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.