How to Stake Tezos (XTZ) in the UAE

Introduction

Staking Tezos can be an excellent choice for individuals in the UAE looking to hold XTZ while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for UAE Residents

1. 1. Acquire Tezos (XTZ) Tokens

   To stake Tezos, you first need to acquire it. To obtain Tezos, you will need to purchase it from one of the popular exchanges available in the UAE.

   Platform	Cryptocurrency	Price
   PrimeXBT	Tezos (XTZ)	0.45
   YouHodler	Tezos (XTZ)	0.45
   Binance	Tezos (XTZ)	0.45
   BTSE	Tezos (XTZ)	0.45
   Coinbase	Tezos (XTZ)	0.45
   OKX	Tezos (XTZ)	0.74

   View all 57 prices

2. 2. Select a Tezos Wallet

   Once you have XTZ, you'll need to select a Tezos wallet to securely store your tokens. Here are some excellent options available in the UAE market.

   Platform	Cryptocurrency	Staking rewards in the UAE
   YouHodler	Tezos (XTZ)	Up to 7% APY
   Uphold	Tezos (XTZ)	Up to 2.82% APY
   Atomic Wallet	Tezos (XTZ)	Up to 5.8% APY
   Binance	Tezos (XTZ)	Up to 29% APY

   Explore all 27 staking rewards available in the UAE market.

3. 3. Delegate Your XTZ in the UAE

   We recommend utilizing a staking pool when staking XTZ. It’s more straightforward and quicker to get started. A staking pool consists of a group of validators who pool their XTZ, increasing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your digital wallet. Once it's confirmed, you will automatically validate transactions on the Tezos network. For these validations, you will be rewarded with XTZ.

What to Consider in the UAE Market

In the UAE, it's important to factor in transaction and staking pool fees when engaging in cryptocurrency activities. Additionally, you may experience a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.