Introduction
Staking Axelar can be an excellent choice for those looking to hold AXL while earning returns in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.
Step-by-Step Guide for Indian Investors
1. Acquire Axelar (AXL) Tokens in India
To stake Axelar, you first need to acquire it. To obtain Axelar, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.
See all 18 ratesPlatform Coin Cost Binance Axelar (AXL) 0.31 Uphold Axelar (AXL) 0.33 Bake Axelar (AXL) 0.31 Bitmart Axelar (AXL) 0.31 Bitpanda Axelar (AXL) 0.9 Crypto.com Axelar (AXL) 0.31 2. Choose a Axelar Wallet in India
Once you have AXL, you'll need to choose a Axelar wallet to securely store your tokens. Here are some reliable options available in India.
View all 14 staking rewards available in IndiaPlatform Coin Staking rewards in India Uphold Axelar (AXL) Up to 4.6% APY Binance Axelar (AXL) Up to 20% APY Chainode Tech Axelar (AXL) Up to 8.1% APY 3. Delegate Your AXL in India
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, increasing their chances of validating transactions and earning rewards. You can easily do this through your wallet's interface.
4. Start Validating
You will need to wait for your deposit to be confirmed by your 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 Keep in Mind
When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.
Latest Trends in India
Axelar (AXL) is currently priced at $8.4 with a 24-hour trading volume of $1.37Cr. The market cap of Axelar stands at $54.68Cr, with 89.43Cr AXL in circulation. For those looking to buy or trade Axelar, Uphold offers avenues to do so securely and efficiently
- Market capitalization
- $54.68Cr
- 24-hour trading volume
- $1.37Cr
- Circulating supply in the market
- 89.43Cr AXL