How to Lend Tezos (XTZ): A Step-by-Step Guide for the UK

Introduction

Lending Tezos can be an excellent option for those who wish to hold XTZ while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.

Step-by-Step Guide

1. Obtain Tezos (XTZ) Tokens
To lend Tezos, you need to possess it. To obtain Tezos, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
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
View all 57 prices
2. Choose a Tezos Lender in the UK
Once you have XTZ, you'll need to choose a Tezos lending platform to lend your tokens. You can see some options here.
Platform Coin AER
YouHodler Tezos (XTZ) Up to 12% AER
View all 6 loan rates
3. Lend Your Tezos
Once you've chosen a platform to lend your Tezos, transfer your Tezos into your wallet on the lending platform. Once it's deposited, it will start earning AER. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn AER
Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compounding interest to maximise your returns.

Platform	Coin	Price
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

Platform	Coin	AER
YouHodler	Tezos (XTZ)	Up to 12% AER

What to Be Aware Of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Do not lend more than you are prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.

Latest Movements in the UK

Tezos (XTZ) is currently priced at US$0.01 with a 24-hour trading volume of US$72.25M. The market cap of Tezos stands at US$1.29B, with 1.02B XTZ in circulation. For those looking to buy or trade Tezos, YouHodler offers avenues to do so securely and efficiently

Market capitalisation: US$1.29B
24-hour volume: US$72.25M
Circulating supply: 1.02B XTZ

See the latest information

Frequently Asked Questions About Lending Tezos (XTZ) in the UK

What is Tezos (XTZ) and how does it differ from other cryptocurrencies?: Tezos is a self-amending blockchain that emphasizes on-chain governance and formal verification for smart contracts. Unlike many networks that require hard forks to implement changes, Tezos allows stakeholders to participate in on-chain governance, proposing and voting on protocol upgrades. The native token, XTZ, is used for paying transaction fees, participating in consensus (baking), and governance. Tezos aims to provide a secure, upgradable platform for smart contracts and decentralized applications with a focus on long-term sustainability and reducing the risk of contentious forks.
How does Tezos consensus work and what is baking?: Tezos uses a Proof-of-Stake (PoS) consensus mechanism. Holders stake their XTZ to become bakers (validators) or to delegate to a baker. Bakers validate and bake new blocks and update the chain, earning rewards in XTZ. Delegators contribute their stake without running a node themselves, earning a share of rewards while maintaining control over their funds. The on-chain governance process allows bakers and delegators to vote on proposed protocol upgrades, enhancing security and adaptability over time.
What is the current price and supply situation for Tezos, and what do they imply for investors?: As of now, Tezos trades around $0.61 per XTZ with daily price movement showing a positive 5.88% change. The circulating supply is roughly 1.072 billion XTZ. A relatively large supply paired with ongoing staking activity means rewards can be earned by participating in baking or delegation. Investors should consider the health of the Tezos ecosystem, on-chain governance activity, development progress, and overall market conditions, in addition to price movements, when assessing potential risk and upside.
How can I stake Tezos, and what are the potential rewards and risks involved?: Staking Tezos involves either becoming a baker (running a validator node) or delegating your XTZ to an established baker. Bakers earn a share of block rewards, while delegators receive a portion of those rewards without operating a node. Rewards vary with network activity, the baker’s performance, and protocol rules. Risks include slashing events being possible in edge cases of misbehavior, validator downtime impacting rewards, and capital lock-up if you choose certain setups. Always research reputable bakers, understand the fee structure, and ensure you maintain control of your private keys.
What are the on-chain governance capabilities of Tezos and why do they matter for developers and users?: Tezos enables on-chain governance where stakeholders vote on proposed protocol amendments. This process reduces the likelihood of disruptive hard forks and allows the network to evolve gradually. For developers, this means continuous improvements, easier upgradability, and a more predictable roadmap. For users, it promises a stable, adaptable platform with ongoing improvements in security, scalability, and functionality for smart contracts and dApps. Participation is open to XTZ holders who delegate or bake, influencing future features and upgrades.

Top Pairs for Tezos in the UK

Frequently Asked Questions About Lending Tezos (XTZ) in the UK

What is Tezos (XTZ) and how does it differ from other cryptocurrencies?

Tezos is a self-amending blockchain that emphasizes on-chain governance and formal verification for smart contracts. Unlike many networks that require hard forks to implement changes, Tezos allows stakeholders to participate in on-chain governance, proposing and voting on protocol upgrades. The native token, XTZ, is used for paying transaction fees, participating in consensus (baking), and governance. Tezos aims to provide a secure, upgradable platform for smart contracts and decentralized applications with a focus on long-term sustainability and reducing the risk of contentious forks.

How does Tezos consensus work and what is baking?

Tezos uses a Proof-of-Stake (PoS) consensus mechanism. Holders stake their XTZ to become bakers (validators) or to delegate to a baker. Bakers validate and bake new blocks and update the chain, earning rewards in XTZ. Delegators contribute their stake without running a node themselves, earning a share of rewards while maintaining control over their funds. The on-chain governance process allows bakers and delegators to vote on proposed protocol upgrades, enhancing security and adaptability over time.

What is the current price and supply situation for Tezos, and what do they imply for investors?

As of now, Tezos trades around $0.61 per XTZ with daily price movement showing a positive 5.88% change. The circulating supply is roughly 1.072 billion XTZ. A relatively large supply paired with ongoing staking activity means rewards can be earned by participating in baking or delegation. Investors should consider the health of the Tezos ecosystem, on-chain governance activity, development progress, and overall market conditions, in addition to price movements, when assessing potential risk and upside.

How can I stake Tezos, and what are the potential rewards and risks involved?

Staking Tezos involves either becoming a baker (running a validator node) or delegating your XTZ to an established baker. Bakers earn a share of block rewards, while delegators receive a portion of those rewards without operating a node. Rewards vary with network activity, the baker’s performance, and protocol rules. Risks include slashing events being possible in edge cases of misbehavior, validator downtime impacting rewards, and capital lock-up if you choose certain setups. Always research reputable bakers, understand the fee structure, and ensure you maintain control of your private keys.

What are the on-chain governance capabilities of Tezos and why do they matter for developers and users?

Tezos enables on-chain governance where stakeholders vote on proposed protocol amendments. This process reduces the likelihood of disruptive hard forks and allows the network to evolve gradually. For developers, this means continuous improvements, easier upgradability, and a more predictable roadmap. For users, it promises a stable, adaptable platform with ongoing improvements in security, scalability, and functionality for smart contracts and dApps. Participation is open to XTZ holders who delegate or bake, influencing future features and upgrades.

How to Lend Tezos (XTZ) in the UK

What you will learn

How to Lend Tezos (XTZ) in the UK

Statistics about Tezos Lending in the UK

Other cryptocurrencies you can lend

Introduction

Step-by-Step Guide

1. Obtain Tezos (XTZ) Tokens

2. Choose a Tezos Lender in the UK

3. Lend Your Tezos

4. Earn AER

What to Be Aware Of

Latest Movements in the UK

Frequently Asked Questions About Lending Tezos (XTZ) in the UK

Top Pairs for Tezos in the UK

Important Notice

Newly Added Cryptocurrencies to Lend

Supported Lending Platforms in the UK

Similar Cryptocurrencies to Lend

Frequently Asked Questions About Lending Tezos (XTZ) in the UK

Introduction

Step-by-Step Guide

1. Obtain Tezos (XTZ) Tokens

2. Choose a Tezos Lender in the UK

3. Lend Your Tezos

4. Earn AER

What to Be Aware Of