How to Stake Axelar (AXL) in the UAE

Introduction

Staking Axelar can be an excellent choice for individuals in the UAE looking to hold AXL while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for UAE Residents

1. 1. Acquire Axelar (AXL) Tokens

   To stake Axelar, you first need to acquire it. To obtain Axelar, you will need to purchase it from one of the popular exchanges available in the UAE.

   Platform	Cryptocurrency	Price
   PrimeXBT	Axelar (AXL)	0.16
   Binance	Axelar (AXL)	0.16
   Uphold	Axelar (AXL)	0.33
   Bake	Axelar (AXL)	0.16
   Bitmart	Axelar (AXL)	0.16
   Bitpanda	Axelar (AXL)	0.9

   View all 19 prices

2. 2. Select a Axelar Wallet

   Once you have AXL, you'll need to select a Axelar wallet to securely store your tokens. Here are some excellent options available in the UAE market.

   Platform	Cryptocurrency	Staking rewards in the UAE
   Uphold	Axelar (AXL)	Up to 4.6% APY
   Binance	Axelar (AXL)	Up to 4.59% APY
   Chainode Tech	Axelar (AXL)	Up to 7.2% APY

   Explore all 14 staking rewards available in the UAE market.

3. 3. Delegate Your AXL in the UAE

   We recommend utilizing a staking pool when staking AXL. It’s more straightforward and quicker to get started. A staking pool consists of a group of validators who pool their AXL, increasing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your digital wallet. Once it's confirmed, you will automatically validate transactions on the Axelar network. For these validations, you will be rewarded with AXL.

What to Consider in the UAE Market

In the UAE, it's important to factor in transaction and staking pool fees when engaging in cryptocurrency activities. Additionally, you may experience a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.