How to Stake Tezos (XTZ): A Step-by-Step Guide

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 Guide

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.
Platform Coin Price
PrimeXBT Tezos (XTZ) 0.83
Uphold Tezos (XTZ) 0.83
OKX Tezos (XTZ) 0.82
YouHodler Tezos (XTZ) 0.83
Binance Tezos (XTZ) 0.83
BTSE Tezos (XTZ) 0.83
See all 56 prices
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.
Platform Coin Staking rewards
Uphold Tezos (XTZ) Up to 5.6 APY
YouHodler Tezos (XTZ) Up to 7 APY
MyCointainer Tezos (XTZ) Up to 5.1 APY
Binance Tezos (XTZ) Up to 5.5 APY
See all 27 staking rewards
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.

Platform	Coin	Price
PrimeXBT	Tezos (XTZ)	0.83
Uphold	Tezos (XTZ)	0.83
OKX	Tezos (XTZ)	0.82
YouHodler	Tezos (XTZ)	0.83
Binance	Tezos (XTZ)	0.83
BTSE	Tezos (XTZ)	0.83

Platform	Coin	Staking rewards
Uphold	Tezos (XTZ)	Up to 5.6 APY
YouHodler	Tezos (XTZ)	Up to 7 APY
MyCointainer	Tezos (XTZ)	Up to 5.1 APY
Binance	Tezos (XTZ)	Up to 5.5 APY

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 $5.8 with a 24-hour trading volume of $72.25M. The market cap of Tezos stands at $1.29B, with 1.02B XTZ in circulation. For those looking to buy or trade Tezos, Uphold offers avenues to do so securely and efficiently}

Market cap: $1.29B
24h volume: $72.25M
Circulating supply: 1.02B XTZ

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Frequently Asked Questions About Staking Tezos (XTZ)

What are Tezos staking rewards?: Tezos staking rewards are incentives distributed to users who participate in the network by delegating or baking XTZ tokens. Staying informed of the latest rates on Bitcompare ensures you get the most from staking.
How often are staking rewards paid out?: Staking rewards are typically paid out every three days, following the completion of a baking cycle. Check Bitcompare for accurate updates on payout timings to optimize your staking strategy.
What factors affect Tezos staking rewards?: Factors such as network participation, the total amount staked, and the efficiency of your baker impact staking rewards. Full details and comparisons are available on Bitcompare to help you stay informed.
Is my Tezos safe while staking?: Yes, Tezos employs a reliable PoS mechanism. Using Bitcompare's tools can help you choose reputable exchanges, ensuring your investments remain secure.
Can I still use my XTZ while staking?: Yes, you retain ownership and can move your XTZ top side of your staking activities. For easy tracking of exchanges providing flexibility, use Bitcompare.
Are there risks involved in staking Tezos?: While Tezos staking is generally considered secure, risks such as slashing and network issues exist. Bitcompare offers sentiment analysis tools to help assess and minimize these risks.
How can I maximize my staking rewards?: Choosing the right baker and staying informed on the best staking rates through Bitcompare can maximize rewards. Make regular checks part of your routine.
Is there a service fee for Tezos staking?: Yes, most bakers charge a small fee. Compare these on Bitcompare to find the best balance between fees and reward rates.
Do I need to lock my funds for staking?: No, Tezos does not require fund lock-up for staking. Conduct a quick search on Bitcompare for exchanges with no lock-up periods.