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
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.
See all 21 pricesPlatform Coin Price Bitpanda Axie Infinity (AXS) $4.28 YouHodler Axie Infinity (AXS) $4.27 Uphold Axie Infinity (AXS) $4.98 Wirex Axie Infinity (AXS) $4.29 Kraken Axie Infinity (AXS) $4.25 OKX Axie Infinity (AXS) $4.26 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.
See all 5 staking rewardsPlatform Coin Staking rewards Bitpanda Axie Infinity (AXS) Up to 26% APY Bitmart Axie Infinity (AXS) Up to 1% APY Binance Axie Infinity (AXS) Up to 18.9% APY 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.
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 $4.25 with a 24-hour trading volume of $17.85M. The market cap of Axie Infinity stands at 636.50M, with $149.36M AXS in circulation. For those looking to buy or trade Axie Infinity, reputable platforms like Bitpanda, YouHodler and Wirex offer avenues to do so securely and efficiently.
- Market cap
- $636.50M
- 24h Volume
- $17.85M
- Circulating supply
- $149.36M