How to Stake Axie Infinity (AXS): A Step-by-Step Guide

Introduction

Staking Axie Infinity can be a great option for those who want to hold AXS but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Axie Infinity (AXS) Tokens
In order to stake Axie Infinity, you need to have it. To obtain Axie Infinity, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Nexo Axie Infinity (AXS) 6.84
PrimeXBT Axie Infinity (AXS) 6.82
Uphold Axie Infinity (AXS) 6.82
Kraken Axie Infinity (AXS) 6.82
OKX Axie Infinity (AXS) 6.8
YouHodler Axie Infinity (AXS) 6.82
See all 36 prices
2. Choose a Axie Infinity Wallet
Once you have AXS, you’ll need to choose a Axie Infinity wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Bitmart Axie Infinity (AXS) Up to 1 APY
Binance Axie Infinity (AXS) Up to 18.9 APY
See all 5 staking rewards
3. Delegate Your AXS
We recommend using a staking pool when staking AXS. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their AXS, which gives them a higher chance of validating transactions and earning rewards. You can do 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 Axie Infinity network. You’ll be rewarded with AXS for these validations.

Platform	Coin	Price
Nexo	Axie Infinity (AXS)	6.84
PrimeXBT	Axie Infinity (AXS)	6.82
Uphold	Axie Infinity (AXS)	6.82
Kraken	Axie Infinity (AXS)	6.82
OKX	Axie Infinity (AXS)	6.8
YouHodler	Axie Infinity (AXS)	6.82

Platform	Coin	Staking rewards
Bitmart	Axie Infinity (AXS)	Up to 1 APY
Binance	Axie Infinity (AXS)	Up to 18.9 APY

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.

Latest Movements

Axie Infinity (AXS) is currently priced at $26 with a 24-hour trading volume of $82.24M. The market cap of Axie Infinity stands at $1.07B, with $156.94M AXS in circulation. For those looking to buy or trade Axie Infinity, Bitmart offers avenues to do so securely and efficiently}

Market cap: $1.07B
24h volume: $82.24M
Circulating supply: $156.94M

See latest information

Frequently Asked Questions About Staking Axie Infinity (AXS)

What is Axie Infinity (AXS) staking?: Axie Infinity (AXS) staking is a process where AXS holders lock up their tokens to support network operations and, in return, earn rewards. It's a way to help secure the network and participate in its governance while earning returns on holdings.
How are staking rewards calculated?: Staking rewards for AXS are determined by the total amount of tokens staked across the network, the length of the staking period, and the protocol's reward rate. The more you stake, and the longer you do so, the higher the potential rewards.
What is the minimum amount required to stake AXS?: There is no fixed minimum amount to stake AXS; however, check specific platform requirements as they might vary. It's advisable to stay updated with staking details using reliable sources like Bitcompare for real-time data.
When are staking rewards distributed?: AXS staking rewards are typically distributed at regular intervals, but the schedule can vary by platform. Keep an eye on Bitcompare for updates on distribution schedules and any changes in terms.
Can I unstake my AXS tokens anytime?: While most platforms offer flexibility in unstaking, some may have lock-up periods. Ensure to verify the terms on the platform you choose. Staying informed via Bitcompare can help you understand these specifics easily.
Are there any risks associated with AXS staking?: Like all crypto activities, staking AXS carries risks, including market volatility and smart contract vulnerabilities. Regularly checking Bitcompare for the latest news and insights can help in making informed decisions.
How can Bitcompare help with AXS staking?: Bitcompare provides tools like real-time price comparisons, email alerts, and sentiment analysis to help you stay updated on AXS staking conditions and the latest trends. Keeping this page bookmarked ensures you can easily access the latest information.
Why should I use Bitcompare for Axie Infinity updates?: Bitcompare serves as a trusted platform offering comprehensive crypto data, including Axie Infinity news, exchange comparisons, and rate updates. Regularly checking the site can keep you informed and prepared for market changes.