Golden Axe Hints & Cheats

Select arcade mode. Hold Down/Left + B and press Start at the character selection screen. A number that corresponds to the starting level will appear in the upper left corner of the screen. Use the D-pad to change it to the level you want.

Start arcade mode. When you get to the character select screen, hold down+left and hit A+C+Start. Nothing really confirms the code except until you get game over. If you input it correctly, the next time you get Game Over, it should say you have 9 credits instead of 3.