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 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 Axie Infinity (AXS) Tokens

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

   Platform	Mint	Cost
   Nexo	Axie Infinity (AXS)	1,03
   PrimeXBT	Axie Infinity (AXS)	0,83
   YouHodler	Axie Infinity (AXS)	0,83
   Binance	Axie Infinity (AXS)	0,83
   BTSE	Axie Infinity (AXS)	0,83
   Coinbase	Axie Infinity (AXS)	0,83

   View all 71 prices

2. 2. Select a Axie Infinity Wallet

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

   Platform	Mint	Staking rewards in South Africa
   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 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.