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 may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Axelar (AXL) Tokens

   To stake Axelar, you first need to acquire it. To obtain Axelar, you'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   PrimeXBT	Axelar (AXL)	0,09
   Binance	Axelar (AXL)	0,09
   Uphold	Axelar (AXL)	0,33
   Bake	Axelar (AXL)	0,09
   Bitmart	Axelar (AXL)	0,09
   Bitpanda	Axelar (AXL)	0,9

   View all 20 prices

2. 2. Select a Axelar Wallet

   Once you have AXL, you'll need to choose a Axelar wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   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. 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 take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.