Where & how to stake Axelar (AXL)

Introduction

Staking Axelar can be a great option for those who want to hold AXL 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. 1. Obtain Axelar (AXL) tokens

   In order to stake Axelar, you need to have it. To obtain Axelar, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	Axelar (AXL)	$0.5036
   Uphold	Axelar (AXL)	$0.6143
   Binance	Axelar (AXL)	$0.4913
   Coinbase	Axelar (AXL)	$0.5002
   Bake	Axelar (AXL)	$0.4987
   Crypto.com	Axelar (AXL)	$0.5003

   See all 7 prices

2. 2. Choose a Axelar wallet

   Once you have AXL, you’ll need to choose a Axelar wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Uphold	Axelar (AXL)	Up to 5% APY
   Binance	Axelar (AXL)	Up to 5.9% APY
   Exodus	Axelar (AXL)	Up to 8.4% APY

   See all 8 staking rewards

3. 3. Delegate your AXL

   We recommend using a staking pool when staking AXL. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their AXL, which gives them a higher chance of validating transactions and earning rewards. You can do 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 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.