How to Stake Tezos (XTZ) in Australia

Introduction

Staking Tezos can be a great option for those who want to hold XTZ while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain Tezos (XTZ) Tokens

   To stake Tezos, you need to own it. To obtain Tezos, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   PrimeXBT	Tezos (XTZ)	0.57
   YouHodler	Tezos (XTZ)	0.57
   Binance	Tezos (XTZ)	0.57
   BTSE	Tezos (XTZ)	0.57
   Coinbase	Tezos (XTZ)	0.57
   OKX	Tezos (XTZ)	0.74

   See all 57 prices

2. 2. Choose a Tezos Wallet

   Once you have XTZ, you'll need to choose a Tezos wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   YouHodler	Tezos (XTZ)	Up to 7% p.a.
   Uphold	Tezos (XTZ)	Up to 2.82% p.a.
   Atomic Wallet	Tezos (XTZ)	Up to 5.8% p.a.
   Binance	Tezos (XTZ)	Up to 29% p.a.

   View all 27 staking rewards

3. 3. Delegate Your XTZ

   We recommend using a staking pool when staking XTZ. It's simpler and quicker to get started. A staking pool is a group of validators who combine their XTZ, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   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 to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.