AXEL (AXEL) is a cryptocurrency token that operates on the AXEL Network, a decentralized and distributed technology platform focused on privacy and security. The token supports a Proof-of-Stake consensus model, where Masternode holders stake AXEL to participate in the network and are rewarded with additional tokens. The AXEL Network integrates advanced encryption, digital shredding, and 2-factor authentication to ensure robust security for users. The token is used for fees, governance, and incentivizing validators to secure the network.
AXEL (AXEL) is a Proof-of-Stake utility token used as fuel for data transfers within the AXEL blockchain network. It supports one of the fastest-growing Masternode networks globally. Masternode holders must stake AXEL tokens to participate in the network, which ensures the validation of transactions and the security of the blockchain.
To store AXEL (AXEL) tokens, you can use a variety of methods:
Cosmostation Wallet:
- Set up the Cosmostation wallet extension in your browser by adding it from the Google Chrome Web Store.
- Create a new wallet and follow the steps to set up your account, including entering your mnemonic phrase and password.
- Select the Axelar network to access your AXL tokens.
- You can then view your holdings, send, receive, and stake your tokens within the wallet.
Ledger Wallet:
- Initialize and set up your Ledger device with the latest firmware.
- Install the Cosmos app on your Ledger device using Ledger Manager.
- Connect your Ledger device to the Keplr wallet extension in your browser.
- Set up a new Keplr wallet linked to your Ledger, and select Axelar as the network.
- You can then view your AXL token balance and perform transactions securely using your Ledger device.
Personal Encrypted Wallet:
- Store your AXEL tokens separately in a personal encrypted wallet for added security. This wallet serves as a secure storage solution for your tokens.
These methods provide secure and convenient ways to manage your AXEL tokens.
To buy AXEL (AXEL) tokens, follow these steps:
Choose an Exchange: AXEL is available on two exchanges: ProBit Exchange and Whitebit. You can register an account on either of these platforms.
Verify Your Account: Complete the Know-Your-Customer (KYC) process by providing the required identification documents and enabling two-factor authentication for added security.
Deposit Funds: Deposit a minimum of $30 to your exchange account using a supported payment method. You can use a credit/debit card or bank transfer.
Buy a Base Currency: If AXEL is not available for direct purchase, buy a base currency like Bitcoin (BTC) or Tether (USDT) that can be exchanged for AXEL.
Exchange for AXEL: Once you have the base currency, go to the exchange page, select the AXEL trading pair (e.g., AXEL/BTC), and enter the amount you want to buy. Confirm the transaction.
Store Your AXEL: After purchasing AXEL, store it securely in a wallet outside the exchange. You can use a hardware wallet, the official coin wallet, or third-party software wallets.
Remember to check the fees and trading volumes before making a purchase.