Introduction
Staking Tezos can be a great choice for those who want to hold XTZ but earn yield in a secure way while contributing to the network. The steps can be a little overwhelming, especially the first time you go through them. That’s why we’ve put this guide together for you.
Step-by-step Guide
1. Get Tezos (XTZ) Tokens
To stake Tezos, you need to have it. To obtain Tezos, you'll need to purchase it. You can choose from these popular exchanges.
See all 56 pricesPlatform Loonies Price PrimeXBT Tezos (XTZ) 0.73 Uphold Tezos (XTZ) 0.73 OKX Tezos (XTZ) 0.75 YouHodler Tezos (XTZ) 0.73 Binance Tezos (XTZ) 0.73 BTSE Tezos (XTZ) 0.73 2. Select a Tezos Wallet
Once you have XTZ, you’ll need to choose a Tezos wallet to store your tokens. Here are some good options.
See all 27 staking rewardsPlatform Loonies Staking rewards Uphold Tezos (XTZ) Up to 4.85 annual percentage yield YouHodler Tezos (XTZ) Up to 7 annual percentage yield Binance Tezos (XTZ) Up to 4.9 annual percentage yield MyCointainer Tezos (XTZ) Up to 5.1 annual percentage yield 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 US$14.9 with a 24-hour trading volume of US$72.25M. The market cap of Tezos is currently at US$1.29B, with 1.02B XTZ in circulation. For those interested in buying or trading Tezos, Uphold offers ways to do so securely and efficiently
- Market capitalization
- US$1.29B
- 24h volume
- US$72.25M
- Circulating supply
- 1.02B XTZ