Recent Developments
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- Market capitalization
- $1.29B
- 24-hour trading volume
- $72.25M
- Circulating supply
- 1.02B XTZ
Earn up to
7% APY in the UAE.
An in-depth guide on how to stake Tezos (XTZ) in the UAE
We have extensive information on staking Tezos (XTZ), and we are pleased to share some of these insights with you.
We present you with various staking options featuring different cryptocurrencies that may pique your interest.
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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.
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 |
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 |
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.
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.
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.