How to Stake Axie Infinity (AXS)

Introduction

Staking Axie Infinity can be an excellent choice for those looking to hold AXS 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 Axie Infinity (AXS) Tokens

   To stake Axie Infinity, you first need to acquire it. To obtain Axie Infinity, you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   Nexo	Axie Infinity (AXS)	1.03 APY
   PrimeXBT	Axie Infinity (AXS)	0.83 APY
   YouHodler	Axie Infinity (AXS)	0.83 APY
   Binance	Axie Infinity (AXS)	0.83 APY
   BTSE	Axie Infinity (AXS)	0.83 APY
   Coinbase	Axie Infinity (AXS)	0.83 APY

   See all 71 prices in Uganda

2. 2. Select a Axie Infinity Wallet

   Once you have AXS, you'll need to select a Axie Infinity wallet to securely store your tokens. Here are some reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   Binance	Axie Infinity (AXS)	Up to 11.6% APY

   View all 9 staking rewards available.

3. 3. Delegate Your AXS

   We recommend using a staking pool when staking AXS. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their AXS, 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 Axie Infinity network. You'll be rewarded with AXS 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.