Introduction
Staking Tezos can be a great option for those who want to hold XTZ 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
Obtain Tezos (XTZ) tokens
In order to stake Tezos, you need to have it. To obtain Tezos, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Tezos wallet
Once you have XTZ, you’ll need to choose a Tezos wallet to store your tokens. Here are some good options.
- 3
Delegate your XTZ
We recommend using a staking pool when staking XTZ. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their XTZ, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
- 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 Tezos network. You’ll be rewarded with XTZ 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.
Latest movements
Tezos (XTZ) is currently priced at $0.9304, with a 24-hour trading volume of $33.15M. In the last 24 hours, Tezos has experienced a decrease to -1.06. The market cap of Tezos stands at $922.12M, with 980.75M in circulation. For those looking to buy or trade Tezos, reputable platforms like Binance, BTSE, Kraken, YouHodler, Coinbase and Bake offer avenues to do so securely and efficiently.
- Market cap
- $922.12M
- Volume
- $33.15M
- Circulating supply
- $980.75M
